Rosemont, IL – January 11, 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 46,861 square-foot industrial building located at 2901 Samuel Drive in Bensalem, Pennsylvania. The property was vacant at acquisition.
The precast 46,861 square foot industrial building is rail served and features 20’ clear height, 5 docks and 2 oversized drive-in doors. The property is equipped with 3,560 square feet of office and a secured rear yard which can accommodate trailer parking or outdoor storage. Venture One plans to complete make ready improvements including exterior paint, updated dock packages, warehouse paint and lights and office improvements.
Jim Scott of Avison Young represented the Seller in the transaction and will be retained to market the property.
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.