Rosemont, IL – July 17, 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 an 488,571 square foot industrial building located at 601-605 Kingsland Drive in Batavia, Illinois. The multi-tenant precast building is 100% leased to two tenants.
The building was constructed in 1996, expanded in 2002 and sits on 26.99 acres of land. It features 20’-30’ clear height, 25 exterior docks, 3 drive-in doors and parking for 414 cars. Additionally, the property has 7.31 acres of excess land which can accommodate additional car parking, truck parking or a 132,737 SF building expansion.
Jeff Devine and Steve Disse of Colliers International represented the Seller 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.