Rosemont, IL – January 7, 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 23,933 square foot industrial building located at 3945 Stern Avenue in Saint Charles, Illinois. The single-tenant building was 100% leased at acquisition.
The precast building was constructed in 1997 and sits on 2.19 acres of land. It features 17’ clear height, 1 exterior dock, 2 drive-in doors and parking for 42 cars.
Pat Ryan of Combined Commercial realty represented the Seller in the transaction. Venture One was represented by Nick Krejci and Noel Listen of Darwin Realty.
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.
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.