VK Industrial IV LP Acquires Property In Des Plaines Represented By Jack Rosenberg Of Colliers International

The property asset involved in the transaction is located at 76 Bradrock Dr, Des Plaines, IL, 60018. This property has a total area of 100,306 square feet and is situated on 3.81 acres of land. It features a 20.5-foot clear height, six docks, and one drive-in door. The building is equipped with a wet sprinkler system and has parking available for 86 cars. The property was vacant at the time of acquisition.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not Disclosed
• Address: 76 Bradrock Dr, Des Plaines, IL, 60018
• Market: Des Plaines
• Seller's Representative: Jack Rosenberg (Colliers International)
• Buyer: VK Industrial IV, LP
• Square Footage: 100,306

Jack Rosenberg and Ned Frank of Colliers International represented the seller in this acquisition transaction. Venture One Real Estate, through its VK Industrial IV, LP acquisition fund, plans to execute make-ready improvements on the property, including façade enhancements, office renovations, warehouse paint and lighting, and sealcoating of the parking lots. Prior to closing, the company received a 6B tax incentive for the properties.