ROSEMONT, IL – June 24, 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 131,158 square foot, 3-building industrial portfolio located at 1890-1940 Lunt Avenue in Elk Grove Village, Illinois. The acquisition was a sale-leaseback.
1890 Lunt Avenue is a 48,166 square foot industrial building which was constructed in 1969. The masonry building is equipped with 3 interior docks, 2 drive-in doors and 2,974 SF of office.
1900 Lunt is a 40,166 square foot masonry building which was constructed in 1966. The 16’ clear height building is equipped with 3 interior docks and 4,459 SF of office.
1940 Lunt Avenue is a 42,044 square foot masonry building which was constructed in 1965. The 16’ clear height building is equipped with 2 interior docks, 1 drive-in door and 5,383 SF of office.
Jonathan Kohn and John D’Orazio 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. 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.