Rosemont, IL – April 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 34,650 square foot multi-tenant industrial building located at 1890-1896 Suncast Lane in Batavia, Illinois. The property is fully leased to MV Public Transportation and PMI Energy Solutions.
The 21’ clear precast building was constructed in 2006 on a large three-acre site offering heavy parking and outdoor storage. Amenities of the building include 7,200 square feet of modern office, three exterior docks, six drive-in doors, and interior floor drains.
Sean Bostrom of Nicolson, Porter & List represented Venture One in the transaction.
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 Midwest. Venture One owns over 5.3 million square feet and controls over 1,100 acres of land in corporate business parks in the greater Chicagoland area. Principals of Venture One have over $6 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.