August 22, 2019 Comments Off on Venture One Adds Des Plaines Industrial to Portfolio Views: 516 Chicago News, Greater Chicagoland

Venture One Adds Des Plaines Industrial to Portfolio

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Venture One Real Estate has acquired a 171,022-square-foot, two-building industrial portfolio at 76 Bradrock Dr. and 31 E Oakton St. in Des Plaines, IL for an undisclosed sum. The acquisition was made through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group.

Both properties were vacant at acquisition. Prior to closing, Venture One received a tax incentive for the properties.

The new ownership plans to complete make-ready improvements to the properties, including façade enhancements, office renovations, warehouse paint and lights and sealcoating the parking lots.

EVP Jack Rosenberg and VP Ned Frank of Colliers International represented the undisclosed seller in the transaction. They’ll be retained by Venture One to market the properties for sale or lease.

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