Rosemont, IL – December 10, 2019 – 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 151,474 square foot industrial building on up to 36.7 acres located at 3535 Oakes in Mount Pleasant, Wisconsin. The property was vacant at acquisition.
The building was constructed in 2007 and sits on 11.7 acres of land and includes a 5-acre secured concrete storage yard. It features 21.5’ clear height, 6 exterior docks (expandable), 2 drive-in doors and 8,372 square feet of office space. The building is equipped with an ESFR sprinkler system, and LED lighting. The secured concrete lot can accommodate up to 301 car parking, 112 trailer stalls or outdoor storage.
The site can accommodate additional outdoor storage, parking or an industrial built to suit on an adjacent 25-acre parcel.
Brian Bocci of Entre Commercial Realty represented the Venture One in the transaction and will be retained to market the property.
Venture One Real Estate
Venture One Real Estate 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 greater Chicago and New Jersey regions. 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.