
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.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition