Rosemont, IL – May 31, 2016 – Venture One Real Estate through its acquisition fund, VK Industrial III, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 101,844 square foot modern industrial building located at 2 Territorial Court in Bolingbrook, Illinois. The property is fully leased to Personalization Mall.
The class “A” precast building was constructed in 2001. Amenities of the building include warehouse air-conditioning, 10,000 square feet of office, nine exterior docks and four drive-in doors. While fully occupied by one tenant, the building is designed to accommodate up to four users.
Ryan Stoller, Principal at Venture One, stated, “This was a unique opportunity for Venture One to contract to buy a vacant building and sign a lease during diligence. Working with Josh Hearne of Cawley Chicago, we were able to offer an expedited occupancy solution to a great tenant while adding a high quality asset to our portfolio.”
Josh Hearne of Cawley Chicago represented Venture One in the transaction. Steve Stone of Transwestern and Joel Friedland of Brit Properties represented the seller in the transaction.