Rosemont, IL – December 3, 2020 – Venture One Real Estate through its acquisition fund, VK Industrial V, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 4-site, fully paved and fenced logistics portfolio located in Chicago MSA. The portfolio is fully leased to a national school bus fleet operator.
The infill portfolio is well located within DuPage and Kane Counties. In aggregate, the sites total approximately 25 acres and can accommodate over 667 trailers/buses, van storage and fleet maintenance. Each site is equipped with a maintenance/repair facility with drive-in bays, floor drains and existing office.
The transaction marks Venture One’s third industrial outdoor storage acquisition of 2020. In early October, Venture One closed on 9.40-acre maintenance/repair facility located at 1521 Admiral Wilson Boulevard in Camden, New Jersey and a 7.44-acre site located at 11316 70th Place in Indian Head Park, Illinois.
Jeff Devine, Steve Disse and Tyler Ziebel of Colliers International represented the Seller in the Transaction.