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 61,251-square-foot industrial building located at 13825 W.Laurel Drive in Lake Forest, Illinois. The building is 68 percent leased to one tenant.
The 18-foot to 21-foot clear height building was constructed in 1978 and features three docks, two drive-in doors and parking for 96 cars. The property sits on 3 acres of land and is equipped with a wet sprinkler system and 4,365 square feet of office space.
Brian Bocci of Entre Commercial Realty represented the seller in the transaction and will be retained by Venture One to market the 19,174 square feet of available space.