Chicago & Midwest + Greater Chicagoland + Industrial | December 7, 2020

Venture One Adds Outdoor Storage Portfolio

Venture One Real Estate’s acquisition fund, VK Industrial V LP, a partnership between Venture One and Kovitz Investment Group, closed on the acquisition of a four-site, fully paved and fenced logistics portfolio located in Chicago MSA.
Deal terms weren’t disclosed. The portfolio is fully leased to a national school bus fleet operator.

The infill portfolio is well located within DuPage and Kane Counties. In aggregate, the sites total approximately 25 acres and can accommodate more than 660 trailers/buses, van storage and fleet maintenance. Each site is equipped with a maintenance/repair facility with drive-in bays, floor drains and existing office.

The transaction marks Venture One’s third industrial outdoor storage acquisition of 2020. In early October, Venture One closed on a 9.40-acre maintenance/repair facility in Camden, NJ and a 7.44-acre site located in Indian Head Park, IL.

Jeff Devine, Steve Disse and Tyler Ziebel of Colliers International represented the undisclosed seller.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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