{"id":1004465134,"date":"2020-07-20T06:38:21","date_gmt":"2020-07-20T14:38:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004465134"},"modified":"2020-07-20T06:38:21","modified_gmt":"2020-07-20T14:38:21","slug":"venture-one-partnership-acquires-chicago-area-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/venture-one-partnership-acquires-chicago-area-industrial-facility\/","title":{"rendered":"Venture One Partnership Acquires Chicago-Area Industrial Facility"},"content":{"rendered":"<div id=\"attachment_1004465146\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004465146\" data-attachment-id=\"1004465146\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/venture-one-partnership-acquires-chicago-area-industrial-facility\/default-11\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg\" data-orig-size=\"1152,864\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;L1D-20c&quot;,&quot;caption&quot;:&quot;default&quot;,&quot;created_timestamp&quot;:&quot;1594824425&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;10.26&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.0041666666666667&quot;,&quot;title&quot;:&quot;default&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"default\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;601-605 Kingsland Drive. Aerial image courtesy of Venture One&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg?w=1024\" class=\"wp-image-1004465146 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg 1152w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004465146\" class=\"wp-caption-text\">601-605 Kingsland Drive. <em>Aerial image courtesy of Venture One<\/em><\/p><\/div>\n<p>A partnership between Venture One and Kovitz Investment Group has acquired an 488,571-square-foot industrial building in Batavia, Illinois.<\/p>\n<p>According to public records, the asset traded for $21.2 million and the sale was subject to a $15 million line of credit. Yardi Matrix data shows the property last changed hands in 2017, when it was acquired by WHI Real Estate Partners.<\/p>\n<p>The building came online in 1996 and underwent an expansion in 2002. It includes 20 to 30-foot clear heights, 25 exterior docks, 3 drive-in doors and 414 parking spaces. The facility also has 7.3 acres of excess land, for additional car and truck parking or other expansions. The property is 100 percent leased to two tenants.<\/p>\n<p>Located at&nbsp;601-605 Kingsland Drive, on 27 acres, the building is within 6 miles of Interstate 88 and DuPage Airport.<\/p>\n<p>Colliers Principals Jeff Devine and Steve Disse represented the seller in the transaction. Earlier this month, another Colliers team brokered the sale of <a href=\"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-expands-phoenix-industrial-footprint\/\">a 325,800-square-foot&nbsp;industrial property<\/a> in Phoenix. The asset changed hands for&nbsp;$30.7 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property last traded in 2017, when it was acquired by WHI Real Estate Partners.<\/p>\n","protected":false},"author":868,"featured_media":1004465146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21748,21783,13,21742],"tags":[32763,49822,49819,37354],"class_list":["post-1004465134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-industrial","category-investment","category-midwest","category-latest","tag-colliers-international","tag-kovitz-investment-group","tag-venture-one","tag-whi-real-estate-partners-lp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Venture One Partnership Acquires Chicago-Area Industrial Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/venture-one-partnership-acquires-chicago-area-industrial-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Venture One Partnership Acquires Chicago-Area Industrial Facility\" \/>\n<meta property=\"og:description\" content=\"The property last traded in 2017, when it was acquired by WHI Real Estate Partners.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/venture-one-partnership-acquires-chicago-area-industrial-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-20T14:38:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1152\" \/>\n\t<meta property=\"og:image:height\" content=\"864\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/venture-one-partnership-acquires-chicago-area-industrial-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/venture-one-partnership-acquires-chicago-area-industrial-facility\/\",\"name\":\"Venture One Partnership Acquires Chicago-Area Industrial Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/venture-one-partnership-acquires-chicago-area-industrial-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/venture-one-partnership-acquires-chicago-area-industrial-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg\",\"datePublished\":\"2020-07-20T14:38:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/venture-one-partnership-acquires-chicago-area-industrial-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/venture-one-partnership-acquires-chicago-area-industrial-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/venture-one-partnership-acquires-chicago-area-industrial-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/601-605-Kingsland-Drive-e1595238349474.jpg\",\"width\":1152,\"height\":864,\"caption\":\"601-605 Kingsland Drive. 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