Rosemont, IL – January 10, 2024 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 785,181 square foot, 2-building industrial portfolio located at 609 S. Kirk Road and 1750 Wallace Avenue in St. Charles, Illinois. The acquisition was a sale-leaseback.

609 Kirk Road is a 504,152 square foot industrial building which was constructed in 1988. The 30’ clear, precast building is equipped with 45 docks, 3 drive-in doors and an ESFR sprinkler system. Additionally, the property is partially air-conditioned in the warehouse area.

1750 Wallace Avenue is a 281,029 square foot industrial building which was constructed in 1990. The 21’-31’ clear, precast building is equipped with 15 exterior docks and 1 drive-in door. Additionally, approximately 80,000 SF of the warehouse area is air-conditioned.

Mike Tenteris, Jim Carpenter, Adam Tyler, Scott Goldman and David Friedland of Cushman & Wakefield represented the Seller in the transaction.

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.