Rosemont, IL – December 3, 2018 – Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 68,676-square foot, 2-building industrial property located at 1555-1567 Frontenac Road in Naperville, Illinois. The acquisition was a sale-leaseback.
The buildings were constructed in 1980 and are adjoined by a fenced 0.8-acre concrete storage yard. The property features 18’ clear height, 7 docks, 6 drive-in doors and parking for 42 cars.
Justin Lerner and Joe Karmin of Transwestern 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.