Rosemont, IL – September 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 29,898 square-foot industrial building located at 3545-3555 Stern Avenue in St. Charles, Illinois. The Seller, Enginuity Communications Corporation, will leaseback approximately 15,428 SF. The remaining 14,470 SF is leased.
The multi-tenant building was constructed in 1988 and sits on 2.00-acres of land. The building is demised into two units. It has 2 docks, 3 drive-in doors, parking for 70 cars, and is fully air conditioned.
John Hamilton of CBRE 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.