Industrial N Illinois

Venture One fund acquires 68,676-SF industrial property in Naperville

Venture One fund acquires 68,676-SF industrial property in Naperville,ph1

Venture One Real Estate—through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the sale-leaseback acquisition of a 68,676-square-foot, two-building industrial property located at 1555-1567 Frontenac Road in Naperville, Illinois.

The buildings were constructed in 1980 and are adjoined by a fenced, 0.8-acre concrete storage yard. The property features 18-foot clear height, seven docks, six drive-in doors and parking for 42 cars. Justin Lerner and Joe Karmin of Transwestern represented Venture One in the transaction.