Rosemont, IL – December 3, 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 a 4-site, fully paved and fenced logistics portfolio located in Chicago MSA. The portfolio is fully leased to a national school bus fleet operator.
The infill portfolio is well located within DuPage and Kane Counties. In aggregate, the sites total approximately 25 acres and can accommodate over 667 trailers/buses, van storage and fleet maintenance. Each site is equipped with a maintenance/repair facility with drive-in bays, floor drains and existing office.
The transaction marks Venture One’s third industrial outdoor storage acquisition of 2020. In early October, Venture One closed on 9.40-acre maintenance/repair facility located at 1521 Admiral Wilson Boulevard in Camden, New Jersey and a 7.44-acre site located at 11316 70th Place in Indian Head Park, Illinois.
Jeff Devine, Steve Disse and Tyler Ziebel 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. 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.