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Stream Acquires Halsted Pershing Business Center in Chicago
Stream Realty Partners has acquired the Halsted Pershing Business Center, located at 815 W. Pershing Avenue in Chicago’s Stockyards submarket.
Stream Executive Managing Director & Partner Patrick Russo, Portfolio Manager Mustafa Ali, and Associate Ben Harrison facilitated the acquisition. JLL’s Ed Halaburt, Sean Devaney, John Huguenard, Kurt Sarbaugh, Will McCormack, and local market expert Michael Conway, represented the seller.
“Acquiring the Halsted Pershing Business Center is a significant step for Stream as we expand our industrial portfolio and service business in Chicago and the Midwest,” said Russo.
This industrial property, encompassing 104,008 square feet, is a Class A facility within the city limits.The Halsted Pershing Business Center is 100% leased to three tenants with an average of four years of term remaining, ensuring stable, long-term occupancy. “The Stockyards submarket has become one of the most concentrated areas of new tenant demand for cold storage and food users in Chicago,” said Ali.
