ROSEMONT, IL – April 7, 2016 – Venture One Real Estate through its acquisition fund, VK Industrial III, LP has closed on the acquisition of a 34,650 square foot industrial building located at 350 Howard Avenue in Des Plaines, Illinois. The property is fully leased to Cozzini Bros.The free standing building is located on a 2.2 acre site just north of I-90. Amenities of the building include three docks, 7,165 square feet of high-image office, an interior garage with floor drains designed for parking a fleet of small delivery vehicles, and a secured parking lot. Patrick Turner and Thomas Rodeno of Colliers International represented the seller 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.