Rosemont, IL – July 7, 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 vacant 39,819 square foot industrial building located at 120 Fairbank Street in Addison, Illinois.
The building features four docks, five drive-in-doors, 4,000 square feet of office, 2,000 amps of power and warehouse floor drains. The building is divisible down to 16,000 square feet.
Venture One has extensive renovations planned including a new roof, new parking lot, as well as office and warehouse upgrades.
Justin Lerner and Joe Karmin of Transwestern 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.