Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 32,496-square-foot multi-tenant industrial building at 605-617 Church Road in Elgin, Illinois.
The building is fully leased to three tenants.
The multi-tenant building was constructed in 1979 and sits on 1.61 acres of land. It features 3 docks, 4 drive-in doors, parking for 30 cars and is fully sprinklered.
Nick Kyriazes of 360 Real Estate Services represented the Seller in the transaction. Matthew Lee and Parker Ray of Core Industrial Realty represented Venture One.
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.
