VK Industrial IV, LP Acquires Industrial Building In Northbrook, IL For 83,828 SF

An 83,828-square-foot industrial building located at 2855 Shermer Road in Northbrook, Illinois has been acquired by VK Industrial IV, LP, a partnership between Venture One Real Estate and Kovitz Investment Group. The building, constructed in 1970, sits on five acres of land and features nine exterior docks, two drive-in doors, 2,400 amps of power, and parking for 106 cars. It was 100 percent leased at the time of acquisition.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 2855 Shermer Road, Northbrook, IL
• Market: Northbrook
• Seller's Rep: Steven J. Goode (LLC)
• Buyer: VK Industrial IV, LP
• SF: 83,828

Steve Goode of Four Corners Realty, LLC served as the seller's representative in the transaction, facilitating the sale of the industrial building to VK Industrial IV, LP. The partnership between Venture One Real Estate and Kovitz Investment Group successfully closed the acquisition of the property, which is fully leased to a single tenant. This deal marks another strategic move in the real estate market for the involved parties.