ROSEMONT, IL – February 8, 2019 – Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 3.91 acre property located at 745 S Rohlwing in Addison, Illinois. The property was 100% leased at acquisition.
The property sits on 3.91 acres of land and features a 14,159 SF truck repair/maintenance facility equipped with 6,424 SF of existing office. The 19’ clear height building features 2 exterior docks, 2 drive-in doors, floor drains and a wet sprinkler system. The site can accommodate 65+ trailers and 30+ car parking.
“We see an opportunity to acquire and are actively pursuing well located, functional logistics properties like 745 Rohlwing,” said Matt Goode, Principal with Venture One. “These facilities can include land sites for storage, transload facilities, maintenance facilities, fleet storage sites, and truck terminals.”
Adam Haefner, Zeke Rowan and Marty Makatis of Darwin Realty represented the seller in the transaction.
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 Midwest. Venture One owns over 7.8 million square feet and controls over 1,400 acres of land in corporate business parks in the greater Chicagoland area. Principals of Venture One have over $6.5 billion of transactional experience. For further information go to www.VentureOneRE.com.
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.