Rosemont, IL – August 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 179,508 square foot industrial building located at 6900 Austin Avenue in Niles, Illinois. The precast building is 100% leased to one tenant.
The building was constructed in 1980 and sits on 6.80-acres of land. It features 21’ clear height, 9 docks, 1 drive-in door, parking for 120 cars and 4,820 square feet of office space. Additionally, it is fully air conditioned and has food grade improvements.
Christopher Volkert, SIOR 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 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.