Rosemont, IL – May 31, 2016 – Venture One Real Estate through its acquisition fund, VK Industrial III, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 101,844 square foot modern industrial building located at 2 Territorial Court in Bolingbrook, Illinois. The property is fully leased to Personalization Mall.
The class “A” precast building was constructed in 2001. Amenities of the building include warehouse air-conditioning, 10,000 square feet of office, nine
exterior docks and four drive-in doors. While fully occupied by one tenant, the building is designed to accommodate up to four users.
Ryan Stoller, Principal at Venture One, stated, “This was a unique opportunity for Venture One to contract to buy a vacant building and sign a lease during
diligence. Working with Josh Hearne of Cawley Chicago, we were able to offer an expedited occupancy solution to a great tenant while adding a high
quality asset to our portfolio.”
Josh Hearne of Cawley Chicago represented Venture One in the transaction. Steve Stone of Transwestern and Joel Friedland of Brit Properties 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 Midwest. Venture One owns over 5.3 million square feet and controls over 1,100 acres of land in corporate business parks in the greater
Chicagoland area. Principals of Venture One have over $6 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.