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 38,235-square-foot industrial building on 3.75 acres located at 515 Anderson Drive in Romeoville, Illinois. The multi-tenant building is currently 74 percent leased to four tenants.
The 18-foot clear height, precast building was constructed in 2007 and is equipped with one exterior dock and nine drive-in doors. Additionally, the building features 57 car parking stalls and 6,599 square feet of office space. Venture One plans to complete make-ready improvements for the vacant units including demolition, building out office space, adding energy efficient lighting and painting the warehouses.
Ryan Earley and Caroline Dell of Lee & Associates represented the seller in the transaction and will be retained by Venture One to market the property.
