Venture One, Kovitz Acquire 17-Acre Industrial Outdoor Storage Facility in Philadelphia

PHILADELPHIA — A partnership between Chicago-based investment firm Venture One Real Estate and investment advisory firm Kovitz Investment Group has acquired a 17-acre industrial outdoor storage facility at 6501 Essington Ave. in Philadelphia. The property, which was fully leased at the time of sale, consists of a 6,575-square-foot freestanding office building and a 34,520–square-foot repair/maintenance facility equipped with 15 drive-in repair bays and floor drains. The site can accommodate more than 475 trailers, 1,050 sprinter vans, fleet maintenance and outdoor storage. Chris Pennington of Binswanger represented the undisclosed seller in the transaction.

Content Partners
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Walker & Dunlop

Webinars on Demand


Subscribe to the newsletter

Read the Digital Editions

Western Multfiamily & Affordable Housing Business

Southeast Multfiamily & Affordable Housing Business

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties  

2021 Finance Insight Video Interviews