Rosemont, IL – November 21, 2022 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 67,048 square foot industrial building located at 5 Taft Road in Totowa, New Jersey. The property is fully leased to two tenants.
5 Taft Road features 20’ clear height, 6 exterior docks, 2 drive-in doors, and an additional 0.60 acres of secured and fenced outdoor storage. The property is less than 1 mile from the interchange of I-80, Route 46 & Route 23.
Jeffrey Fulton and Ed Schein of Team Resources represented Venture One in the transaction.
Venture One Real Estate
Venture One is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector. Headquartered in Chicago, Venture One manages a series of discretionary value-add investment funds that target opportunities throughout the Chicago MSA and Northeast Industrial Region. Principals of Venture One have over $7 billion of transactional experience. For further information go to www.VentureOneRE.com.
Kovitz Investment Group
Kovitz Investment Group® (KIG), is an independently-managed, registered investment adviser, founded in 2003. KIG is dedicated to providing best-in-class investment and wealth management solutions for high net worth individuals and their families, family offices, institutions, and financial professionals. For more information, please visit www.Kovitz.com.