Rosemont, IL – June 12, 2019 – Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 82,242 square foot, 2-building industrial portfolio located at 1200 Karl Court and 1210 Karl Court in Wauconda, Illinois. Both properties were vacant at acquisition.
1200 Karl Court features 21’ clear height, 3 exterior docks, 1 drive-in door and parking for 48 cars. The 32,202 square foot single tenant building is equipped with an ESFR sprinkler system, LED lighting and 4,434 square feet of office space.
1210 Karl Court features 28’ clear height, 8 exterior docks, 2 drive-in doors and parking for 88 cars. The 50,040 square foot building is demised into a 35,040 square foot unit and 15,000 square foot unit. The building is equipped with an ESFR sprinkler system, LED lighting and 8,878 square feet of office space.
Ned Frank and Pat Hake of Colliers International represented the seller in the transaction and will be retained by Venture One to market the properties for sale or lease.