Industrial N Illinois

HFF sells four-property industrial portfolio in the Chicago MSA

HFF sells four-property industrial portfolio in the Chicago MSA,ph1

Holliday Fenoglio Fowler, L.P. (HFF) announced the sale of a four-property, fully leased industrial portfolio totaling 713,555 square feet in the Chicago MSA. The HFF team marketed the offering for the seller, Hackman Capital Partners. A joint venture between High Street Realty Company and Angelo Gordon purchased the portfolio.

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

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

The HFF investment advisory team representing the seller included senior directors Robin Stolberg and Kurt Sarbaugh and analyst Sam Berry.