Rosemont, IL – November 3, 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 11,564 square-foot industrial building located at 711 Fullerton Avenue in Addison, Illinois. The property is fully leased to three tenants.
The multi-tenant building was constructed in 1983 and sits on 0.46-acres of land. The building is demised into four units, each equipped with 1 drive-in door.
Justin Lerner, Joe Karmin & Ross Lehrman of Transwestern represented the Seller in the transaction.
Venture One Real Estate
Venture One 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 Chicago MSA and Northeast Industrial Region. 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.
