Rosemont, IL – January 16, 2018 – 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 350,274-square foot industrial building on 23 acres located at 7601 Durand in Mt. Pleasant, Wisconsin. The property is currently vacant.
Venture One purchased the mortgage and note securing the property and took title through the foreclosure process.
The building features 24’ clear ceilings, 29 loading docks, 1 drive-in door and excess paved land to park up to 77 trailers. The building is located 2.5 miles east of Foxconn’s planned $10 billion manufacturing facility. Venture One plans to complete renovations including updating the office space, installing energy efficient warehouse lighting, painting the warehouse, repaving the parking lot and replacing the roof.
Sergio Chapa, Mike Prost and Corey Chase of Newmark Knight Frank will market the property for Venture One.
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. Venture One targets investment and development opportunities in Chicago and throughout the Midwest. Principals of Venture One have over $6 billion of transactional experience. For more information please visit 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.