Chicago Infill Industrial PortfolioNews

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.