ROSEMONT, IL – October 4, 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 51,682 square foot two building industrial portfolio located at 300 Washington Avenue and 1023 High Street in Mundelein, Illinois. The buildings are 86% leased to 16 tenants.
The multi-tenant buildings were constructed in 1987 and sit on 3 acres of land. The property has 19 units ranging from 1,792 to 5,887 square feet. Each unit has a drive-in door or access to common area loading.
Gary Wool of Wool Finance Partners represented the Seller in the transaction.
Ryan Kehoe and John Sharpe of Lee & Associates have been retained by Venture One to market the properties.
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 Midwest. Venture One owns over 5.3 million square feet and controls over 1,100 acres of land in corporate business parks in the greater Chicagoland area. Principals of Venture One have over $6 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.