Rosemont, IL – January 18, 2022 – 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 35,000 square foot industrial building located at 2020 Touhy Avenue in Elk Grove Village, Illinois. The masonry building is 100% leased to one tenant.
The building was constructed in 1965 and sits on 1.60-acres of land. It features 16’ clear height, 4 docks, 2 drive-in doors, parking for 67 cars and 3,621 square feet of office space.
Justin Lerner, Joe Karmin, and Ross Lehrman of Transwestern represented the Seller in the transaction.
Venture One Real Estate
Venture One 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 Chicago MSA and Northeast Industrial Region. 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.
