Rosemont, IL – January 9, 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 an 80,704 square foot industrial building located at 31 Presidential Drive in Roselle, Illinois. The single-tenant building was 100% leased at acquisition.
The 18’ clear height building was constructed in 1992 and sits on 5.17 acres of land. It features 5 docks, 3 drive-in doors, 3,200 amps of power and parking for 232 cars.
Jeff Janda and Jeff Galante of Lee & Associates 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.
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.