Rosemont, IL – May 27, 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 49,330 square foot industrial building located at 406 38th Street Drive in St. Charles, Illinois. The acquisition was a sale-leaseback.
The building was constructed in 1997 and sits on 6.97-acres of land. It has 3 exterior docks, 1 drive-in door and parking for 100 cars. Additionally, the property is fully air conditioned and is equipped with 2,500 amps of power.
Ted Gates and David Prell of CBRE 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.