Rosemont, IL – October 31, 2016 – Venture One Real Estate through its acquisition fund, VK Industrial III, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of an 85,730 square foot modern industrial building located at 401 Terrace Drive in Mundelein, Illinois. The propertywas fully leased at acquisition.
The class “A” precast building was constructed in 1998. Amenities of the building include 24’ clear height, 227 car parking spaces, warehouse air-conditioning, 10,000 square feet of office, seven exterior docks and five drive-in doors.

Keith Puritz and Brett Kroner of Cushman & Wakefield and Bill Mass of Mass Realty represented the seller in the transaction. Venture One was represented by Jason West of Cushman and Wakefield.