Rosemont, IL – August 29, 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 87,524 square foot industrial building on 4.20 acres located at 4810 70th Avenue in Kenosha, Wisconsin. The single-tenant building was 100% leased at acquisition.
The property, was constructed in 1994 and expanded in 2012. It features 18’-24’ clear ceilings, 7 docks, heavy power and T-5 lighting.
Dan Prendergast of Darwin Realty represented the Seller 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.