Venture One Real Estate through its acquisition fund VK Industrial VII, LP has closed on the acquisition of a 31,394-square-foot industrial building at 1563 Hubbard Ave. in Batavia, Illinois.
The single-tenant property was 100% leased at closing.
The building was constructed in 1980 and sits on 2.20-acres of land. It features 2 exterior docks, 1 drive-in door and parking for over 80 cars.
Matthew Stauber of Colliers International represented the seller.
VK Industrial VII 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.
