Industrial N Illinois

Venture One fund acquires three properties totaling 124,206 square feet

1515 Louis Avenue, Elk Grove Village, Illinois. 1515 Louis Avenue, Elk Grove Village, Illinois.
1300 Morse Avenue, Elk Grove Village, Illinois. 1300 Morse Avenue, Elk Grove Village, Illinois.
7500 Natchez Avenue, Niles, Illinois. 7500 Natchez Avenue, Niles, Illinois.

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 acquisition of 1515 Louis Avenue and 1300 Morse Avenue in Elk Grove Village, Illinois and 7500 Natchez Avenue in Niles, Illinois.

The buildings, located on infill lots in the O’Hare and North Cook Submarkets of Chicago, were acquired in three separate online auctions in December and January. All three properties are fully leased.

Matt Tarshis and Andrew Rubin of Frontline Real Estate Partners marketed 1515 Louis Avenue, while Jeff Rowlett, Matt Fitzgerald and Jordan Goodman of Marcus & Millichap marketed 1300 Morse Avenue. David Dorros, Chris McGlone, Sean Hayes and Jerrod Wigal of Cushman & Wakefield marketed the Niles property. Venture One was represented by Jonathan Kohn of Colliers International for 1515 Louis and 1300 Morse. Brett Kroner of Cushman and Wakefield represented Venture One for 7500 Natchez.