ROSEMONT, IL – February 4, 2025 – Venture One Real Estate through its acquisition fund, VK Industrial VII, LP, has closed on the acquisition of a 50,043 square foot industrial building located at 220 Sherwood Avenue in Farmingdale, New York. The multi-tenant building features units ranging from 11,373 SF to 25,383 SF and is currently fully leased.

220 Sherwood Avenue features 4 exterior docks, 4 drive-in doors and a 155’ truck court. The building is strategically located with access to I-495 via Broadhollow Road; allowing efficient access to service Long Island and New York’s five Boroughs.

David Pennetta, Stephen Cadorette and Tom DeLuca of Cushman & Wakefield represented the Seller in the transaction.

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.