Industrial N Illinois

Venture One fund snaps up 3.9-acre logistics property in Addison

Venture One fund snaps up 3.9-acre logistics property in Addison,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 acquisition of a 3.91 acre property located at 745 S. Rohlwing in Addison, Illinois. The property was 100 percent leased at acquisition.

The property features a 14,159-square-foot truck repair/maintenance facility equipped with 6,424 square feet of existing office. The 19-foot clear height building features two exterior docks, two drive-in doors, floor drains and a wet sprinkler system. The site can accommodate 65+ trailers and parking for more than 30 cars.

“We see an opportunity to acquire and are actively pursuing well-located, functional logistics properties like 745 Rohlwing,” said Matt Goode, principal with Venture One. “These facilities can include land sites for storage, trans-load facilities, maintenance facilities, fleet storage sites and truck terminals.”

Adam Haefner, Zeke Rowan and Marty Makatis of Darwin Realty represented the seller in the transaction.