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Venture One Fund Acquires 7.37 Acre Industrial Outdoor Storage Facility in Batavia, Illinois

January 06, 2022

Venture One fund Acquires 7.37 Acre Industrial Outdoor Storage Facility in Batavia, Illinois

 Rosemont, Il – January 6, 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 7.37-acre industrial outdoor storage (IOS) site located at 1798 Hagemann Drive in Batavia, Illinois. The property was vacant at the time of acquisition.

The 7.37-acre site is equipped with an 11,835 square foot truck repair/maintenance facility and can accommodate over 120 trailer positions. Venture One’s planned make ready improvements include installing 2 drive-in repair bays with triple-catch basin floor drains, renovating the existing 4,743 square feet of office, paving the entire site, installing energy efficient lights throughout the parking lot and fencing the premises.

David Prell and Ted Gates of CBRE represented the Seller in the transaction and will be retained to 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 that target opportunities throughout the greater Chicago and Northeast 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.