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High Street, Angelo Gordon Bag 4-Property Chicago Industrial Portfolio

A four-property, fully-leased industrial portfolio totaling 713,555 square feet in the Chicago MSA has traded hands. A JV between High Street Realty Company and Angelo Gordon purchased the portfolio from Hackman Capital Partners for an undisclosed amount.

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 St. in Bensenville, which is a 252,000-square-foot, two-tenant building; and 11241 Melrose Ave. in neighboring Franklin Park, which is a 77,301-square-foot, two-tenant building.

The South Cook submarket properties are 11939 South Central Ave. in Alsip, which is a 320,871-square-foot, three-tenant building; and 6748-6750 South Sayre Ave. in Bedford Park, which is a 63,383-square-foot, two-tenant building.

HFF’s Robin Stolberg, Kurt Sarbaugh and Sam Berry represented the seller.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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