Rosemont, IL – February 5, 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 37,092 square foot industrial building located at 1319 Marquette Drive in Romeoville, Illinois. The single-tenant building was 100% leased at acquisition.
The precast building was constructed in 1990 and sits on 6.13 acres of land. It features 1 exterior dock (expandable), 3 drive-in doors, 3,200 amps of power and parking for 135 cars. The site can accommodate a potential building expansion, outdoor storage, trailer parking and additional car parking.
Ryan Klink of Cushman & Wakefield represented the Venture One 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.