Rosemont, IL – October 19, 2021 – 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 4.13-acre, fully paved, fenced, and lit high-throughput logistics property located at 211 S. IL-83 in Grayslake, Illinois. The property is fully leased to a national school bus fleet operator.
The property sits on 4.13-acres and feature a 14,759 SF repair/maintenance facility equipped with 11 drive-in repairs bays, floor drains and 3,944 SF of existing office.
The acquisition marks Venture One’s ninth industrial outdoor storage transaction. In April of 2021, Venture One closed on a 17-acre industrial outdoor storage facility located at 6501 Essington Avenue in Philadelphia, Pennsylvania.
Steve Trapp of JLL 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 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.