ROSEMONT, IL – May 16, 2019 – 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 83,828 square foot industrial building located at 2855 Shermer Road in Northbrook, Illinois. The single-tenant building was 100% leased at acquisition.
The building was constructed in 1970 and sits on 5.01 acres of land. It features 9 exterior docks, 2 drive-in doors, 2,400 amps of power and parking for 106 cars.
Steve Goode of Four Corners Realty, LLC represented the Seller in the transaction.
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 7.8 million square feet and controls over 1,400 acres of land in corporate business parks in the greater Chicagoland area. Principals of Venture One have over $6.5 billion of transactional experience. For further information go to www.VentureOneRE.com
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.