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 37,092-square-foot industrial building located at 1319 Marquette Drive in Romeoville, Illinois. The single-tenant building was 100 percent leased at acquisition. Terms of the deal were not disclosed.
The precast building was constructed in 1990 and sits on 6.13 acres of land. It features one exterior dock (expandable), three drive-in doors, 3,200 amps of power and parking for 135 cars. The site can accommodate a potential building expansion, outdoor storage, trailer parking and additional car parking. Ryan Klink of Cushman & Wakefield represented Venture One in the transaction.