Rosemont, IL – July 29, 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 21,230 square-foot industrial building located at 1421 Armour Boulevard in Mundelein, Illinois. The property is fully leased to seven tenants.
The multi-tenant building was constructed in 1979 and sits on 1.18-acres of land. The building is demised into six units, each equipped with 1 drive-in door.
Brian Bocci, SIOR of Entre Commercial Realty LLC 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. 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.