Rosemont, IL – March 31, 2023 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 56,128 square foot, 3-building industrial portfolio located in the Chicago MSA. The portfolio is 90.1% leased to seven tenants.
1345 Wilhelm Road in Mundelein, Illinois is a 14,845 square-foot single-tenant industrial building located in the Lake County submarket of Chicago. The building was constructed in 1989 and sits on 0.98-acres of land. The property features 18’ clear height, 2 docks, 1 drive-in door and parking for 28 cars.
391 Wegner Drive in West Chicago, Illinois is a 21,900 square-foot multi-tenant industrial building located in the Fox Valley submarket of Chicago. The building was constructed in 1988 and sits on 1.41-acres of land. The property features 14’ clear height, 2 docks, 5 drive-in doors (1 per unit) and parking for 50 cars. The multi-tenant industrial building is currently 75% leased to four tenants.
470 Wrightwood Avenue in Elmhurst, Illinois is a 19,383 square-foot single-tenant industrial building located in the Central DuPage submarket of Chicago. The building was constructed in 1972 and sits on 0.98-acres of land. The property features 16’ clear height, 2 docks, 1 drive-in door and parking for 23 cars.
Noel Liston and Nick Krejci of Core Industrial Realty represented the Seller in the transaction and have been retained to market the vacant unit at 391 Wegner Drive.
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.