Venture One Real Estate has acquired a 101,844-square-foot industrial building in Bolingbrook through its acquisition fund, VK Industrial III, LP–a partnership between Venture One and Kovitz Investment Group.
The class A building was constructed in 2001 at 2 Territorial Court and the property was vacant when Venture One acquired it from TDC Filter Manufacturing. While it’s designed to accommodate up to four users, the building was fully leased to Personalization Mall during due diligence.
Building amenities include warehouse air-conditioning, 10,000 square feet of office space, nine exterior docks and four drive-in doors.
Josh Hearne of Cawley Chicago represented Venture One in the transaction. Steve Stone of Transwestern and Joel Friedland of Brit Properties represented the seller in the transaction.
The price of the sale was not disclosed.