Rosemont, IL – February 6, 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 an 36,080 square foot industrial building located at 236 William Street in Bensenville, Illinois. The multi-tenant building was fully leased at acquisition with a 14,068 square foot unit coming available in September 2020.
The 16’ clear height building was constructed in 1965 and sits on 1.62 acres of land. It features 5 docks, 4 drive-in doors, 800 amps of power and parking for 40 cars. Venture One plans to complete make ready improvements to the 14,068 square foot unit including office renovations and adding energy efficient warehouse lighting.
Phil Reiff of Jones Lang LaSalle represented the Seller in the transaction and will be retained by Venture One to market the property for lease.
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.