Rosemont, IL – November 13, 2024 – Venture One Real Estate through its acquisition fund, VK Industrial VII, LP, has closed on the acquisition of an 22,352 square foot industrial building located at 61-26 Maurice Avenue in Maspeth, New York.  The single-tenant building is available for lease for occupancy in the first quarter of 2025.

61-26 Maurice Avenue features 20’ clear height, 3 docks (1/7, 451 SF), 1 drive-in door and 800 amps of power. Venture One plans to deliver the facility with capital improvements including façade enhancements, interior paint and new LED lights. The property is well located in Maspeth, Queens less than 0.25 miles to I-495 (Long Island Expressway) which provides direct access to Manhattan via the Queens/Midtown Tunnel in 3.3 miles.

Dan Morici of JLL represented Venture One and Paul Bralower and Brendan Burke of Pinnacle Realty represented the Seller in the transaction. Dan Morici of JLL has been retained by Venture One to market the property for lease.

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.