Venture One Fund Acquires 71,552 Square-Foot Industrial Building In Elk Grove Village, Illinois

Rosemont, IL – October 7, 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 71,552 square-foot industrial building located at 925-1065 Chase Avenue in Elk Grove Village, Illinois. The property was vacant at the time of acquisition.

The single-tenant building sits on 2.78-acres of land. The building features 7 docks, 2 drive-in doors, and parking for 71 cars. Prior to closing, Venture One received a 6B tax incentive for the property.  Venture One has planned significant improvements for the property, including office renovations, warehouse paint, parking lot seal coating, energy efficient warehouse lights, roof replacement, landscaping, and façade enhancements.

Jonathan Kohn and John D’Orazio of Colliers International represented the Seller in the transaction and will be retained to market the property for Venture One.

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.