Rosemont, IL – October 19, 2020 – 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 30,356 square foot industrial building located at 450 Corporate Drive in Vernon Hills, Illinois. The acquisition was a sale-leaseback with H&H Graphics.
The building was constructed in 1991 and sits on 1.83 acres of land. It has 2 docks, 1 drive-in door and parking for 40 cars. Additionally, the property is fully air conditioned and is equipped with 1,600 amps of power.
Brian Bocci of Entre Commercial Realty represented Venture One 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.