Venture One Purchases 956,565 Square Foot, 14 Building Portfolio in Chicago MSA, Illinois

Rosemont, IL – January 17, 2017 – Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, in a joint Venture with DRA Advisors has closed on the acquisition of a 956,565-square foot, 14 building portfolio located in the O’Hare and Lake County Industrial Submarkets of Chicago.
The portfolio consists of 14 properties with an overall occupancy of approximately 93%. It is a mixture of both single and multi-tenant industrial properties ranging from 10,000 to 187,460 square feet. Unit sizes range from 1,860 to 187,460 square feet.

Matt Goode, Principal at Venture One stated, “This was a unique opportunity to acquire a critical mass of functional industrial properties in the highly sought after DuPage County O’Hare market. Along with the lake county buildings, there is a lot of synergy between our existing portfolio and these assets.”

Jim Carpenter, Michael Tenteris and Adam Tyler of Cushman & Wakefield 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.

DRA Advisors

DRA Advisors LLC is a New York-based registered investment advisor with approximately 95 employees specializing in real estate investment management services for institutional and private investors, including pension funds, university endowments, sovereign wealth funds, foundations, and insurance companies.  Since DRA was founded in 1986, the firm has opened additional offices in Miami and San Francisco while acquiring over $38 billion of real estate.  The acquisitions include 85 million square feet of industrial, 65 million square feet of office, 87 million square feet of retail and 85,000 multifamily units.  As of December 31, 2022, DRA has $13.3 billion in gross assets under management. http://draadvisors.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.