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High Street’s $86M, 11-Building, 1.2M-SF Chicago Claim
Boston-based High Street Realty paid $86 million to acquire 11 buildings totaling 1.17 million square feet of industrial assets across the Chicago suburbs. The 86%-leased portfolio was bought on behalf of High Street Real Estate Fund V, L.P. The properties were divested by Boston-based John Hancock Life Insurance.
JLL’s John Huguenard, Sean Devaney and Ed Halaburt handled the transaction.
Seven assets are fully leased and are located in the Lake County submarket, including:
– 801, 901 and 1001 Technology Way in Libertyville
– 900, 909,1000 Asbury Drive and 911 Commerce Court in Buffalo Grove
– 1001 Asbury Drive in Buffalo Grove, a 74,024-square-foot building that becomes available in July
The portfolio also includes two assets in the I-55 submarket:
– 101 Corporate Center in Lemont
– 755 Remington Blvd. in Bolingbrook
And:
– 2050 Hammond Drive, a 66,557-square-foot building in Schaumburg
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition