Rosemont, IL – September 8, 2020 – 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 an 16,744 square foot industrial building located at 1343 Lakeside Drive in Romeoville, Illinois. The precast building is 100% leased to one tenant.
The building was constructed in 1999 and sits on 1.00 acre of land. It features 22’ clear height, 2 exterior docks, 2 drive-in doors and parking for 20 cars. Venture One secured the tenant prior to closing on the building vacant.
Mike Antonelli of Brown Commercial Group represented the Seller in the transaction. Traci Payette and Rowan McDonnell of CBRE represented Ultimate Rental Services for the lease.
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.