Rosemont, IL – September 18, 2024 – Venture One Real Estate through its acquisition fund, VK Industrial VII, LP, has closed on the acquisition of a 59,735 square foot industrial building located at 700 District Drive in Itasca, Illinois. Venture One signed a long-term lease prior to closing on the property.

The masonry building was constructed in 1972 and sits on 2.81-acres of land. It features 18’ – 24’ clear height, 3 docks, 2 drive-in doors and parking for 77 cars.

Jeff Janda of Lee & Associates represented the Seller in the transaction. Venture One and the tenant were represented by Cal Payne of CBRE.

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.