Rosemont, IL – April 7, 2022 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 27,702 square foot industrial building located at 1051 Frontenac Road in Naperville, Illinois. The masonry building is 100% leased to one tenant.
The building was constructed in 1982, expanded in 1992 and sits on 1.60-acres of land. It features 18’ clear height, 1 dock, 4 drive-in doors, parking for 30 cars and 4,473 square feet of office space.
Justin Lerner of Transwestern 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.