1/8/24

Venture One Fund Acquires 94,739 Square Foot Industrial Building in West Caldwell, New Jersey

Rosemont, IL – January 8, 2024 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 94,739 square foot industrial building located at 1 Dodge Drive in West Caldwell, New Jersey. The multi-tenant building is currently 100% leased.

The building features 21’ clear height, 8 docks, 2 drive-in doors, and parking for 164 cars. The property is well located with access to I-80 and Route 46; providing strategic access to the Eastern Seaboard and New York City.

Alex Previdi of Lee & Associates represented the Seller in the transaction.

VK Industrial VI is co-sponsored by Venture One Real Estate and Kovitz Investment Group.  The fully discretionary fund targets industrial acquisitions in the Chicago, Northeast, and Florida markets.

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.