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Chicago & Midwest  + Illinois  + Industrial  | 

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

– 2050 Hammond Drive, a 66,557-square-foot building in Schaumburg

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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