ROSEMONT, IL – February 6, 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 1515 Louis Avenue and 1300 Morse Avenue in Elk Grove Village and 7500 Natchez in Niles, Illinois. The buildings were acquired in three separate online auctions in December and January.
All three properties are fully leased. The infill properties are located in the O’Hare and North Cook Submarkets of Chicago.
Various brokerage teams represented the seller in the auctions. Matt Tarshis and Andrew Rubin of Frontline Real Estate Partners marketed 1515 Louis Avenue in Elk Grove Village, Illinois. 1300 Morse Avenue in Elk Grove Village, Illinois was marketed by Jeff Rowlett, Matt Fitzgerald and Jordan Goodman of Marcus & Millichap. David Dorros, Chris McGlone, Sean Hayes and Jerrod Wigal of Cushman & Wakefield marketed 7500 Natchez Avenue in Niles, Illinois. Venture One was represented by Jonathan Kohn of Colliers International for 1515 Louis and 1300 Morse. Brett Kroner of Cushman and Wakefield represented Venture One for 7500 Natchez.
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 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
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.