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Hackman Capital Partners Sells Chicago Infill Industrial Portfolio

By December 4, 2018 No Comments

CHICAGO, IL (December 3, 2018) Hackman Capital Partners announced today the sale of a four-property, fully leased industrial portfolio totaling 713,555 square feet in the Chicago MSA. Holliday Fenoglio Fowler, L.P. (HFF) marketed the offering for the seller, an affiliate of Hackman Capital Partners. A joint venture between High Street Realty Company and Angelo Gordon purchased the portfolio.

The Chicago MSA houses the second largest industrial market in the country. The portfolio is a rare composition of four multi-tenant infill industrial assets located in the O’Hare and South Cook submarkets, two of the best industrial submarkets inside the Chicago MSA. The O’Hare submarket properties are 1010-1050 Sesame Street in Bensenville, which is a 252,000-square-foot, two-tenant building, and 11241 Melrose Avenue in neighboring Franklin Park, which is a 77,301-square-foot, two-tenant building. The South Cook submarket properties are 11939 South Central Avenue in Alsip, which is a 320,871-square-foot, three-tenant building, and 6748-6750 South Sayre Avenue in Bedford Park, which is a 63,383-square-foot, two-tenant building.

The HFF investment advisory team representing the seller included senior directors Robin Stolberg and Kurt Sarbaugh and analyst Sam Berry.