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 a 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-foot clear height building was constructed in 1965 and sits on 1.62 acres of land. It features five docks, four 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 JLL represented the seller in the transaction and will be retained by Venture One to market the property for lease.