JV Acquires Chicago Industrial Portfolio
- Dec 05, 2018
A joint venture between High Street Realty Co. and Angelo Gordon has acquired a four-building industrial portfolio in the Chicago submarkets of O’Hare and South Cook. HFF marketed the assets on behalf of the seller, Hackman Capital Partners.
The properties are all fully leased and total 713,555 square feet. The O’Hare submarket buildings are located at 1010-1050 Sesame St. in Bensenville, which features a 252,000-square-foot building with two tenants, and 11241 Melrose Ave. in Franklin Park, which comprises a 77,301-square-foot property with two tenants. The South Cook submarket properties are located at 11939 S. Central Ave. in Alsip, which is a 320,871-square-foot asset with three tenants and 6748-6750 S. Sayre Ave. in Bedford Park, which is a 63,383-square-foot building with two tenants.
The HFF investment advisory team included Senior Directors Robin Stolberg and Kurt Sarbaugh, as well as Analyst Sam Berry.
In April, High Street Realty Co. acquired another Chicago industrial portfolio for $86 million. The properties comprise 1.2 million square feet across 11 buildings.
Image courtesy of Aerial Associates