Rosemont, IL – January 8, 2021 – 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 50,098 square foot, 2-building industrial portfolio located at 2450 Pan Am Boulevard and 2690 American Lane in Elk Grove Village, Illinois. The portfolio is fully leased to eight tenants.
2450 Pan Am Boulevard is a 25,260 square foot multi-tenant industrial building that was constructed in 1968. The building is demised into five units, each equipped with one exterior dock and existing office.
2690 American Lane is a 24,838 square foot multi-tenant industrial building that was constructed in 1968. The building features 5 exterior docks and 1 drive-in door.
Daniel Vanchieri and John McDermott of SVN Commercial represented the Seller in the transaction. Justin Lerner, Joe Karmin and Ross Lehrman of Transwestern represented Venture One and will be retained the 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 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.