Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 37,601-square-foot industrial building located at 744 Oaklawn Ave. in Elmhurst, Illinois. The acquisition was a sale-leaseback.
The building was constructed in 1969 and sits on 1.72-acres of land. It features 18-foot clear height, two docks, two drive-in doors and parking for 45 cars.
Ted Gates and David Prell of CBRE represented the seller in the transaction.
VK Industrial VI is co-sponsored by Venture One Real Estate and Kovitz Investment Group. The fully discretionary fund targets industrial acquisitions in the Chicago, Northeast and Florida markets.
