Rosemont, IL – November 2, 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 7.10-acre industrial storage facility located at 90 Kingsland Avenue in Clifton, New Jersey. The property was vacant at acquisition and will be marketed for lease.
The property sits on 7.10 acres and features a 9,667 SF repair/maintenance facility equipped with 3 drive-in repair bays (expandable), floor drains and 1,626 SF of office space. It can accommodate over 156 trailers stalls and is located less than 8.0 miles from the Lincoln Tunnel and 13.5 miles from the Port Newark Container Terminal.
Rich Abdy of Emily Abdy Realty Group represented the Seller in transaction and will be retained by Venture One to market the property.
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.
