Rosemont, IL – December 14, 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 29,880 square foot multi-tenant industrial building located at 552-588 W. Taylor Road in Romeoville, Illinois. The property is currently 80% occupied and caters to incubator users seeking an institutional quality building.The 22’ clear precast building was constructed in 2007 and features 10 drive in doors, dock high loading and 70 car parking stalls. The building is located within the I-55 submarket of Chicago and is a part of the Paragon Business Park.
Terry Grapenthin and Caroline Dell of Lee & Associates represented the seller in the transaction and will be retained by Venture One to market the property.
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.