Industrial N Illinois Transwestern Investment Group sells 100,000+ SF industrial portfolio 1940 USG Drive in Libertyville, Illinois. Transwestern Investment Group (TIG) sold a 108,554-square-foot industrial portfolio on behalf of the Diversified International Partners Fund. Boston-based High Street Realty Co. acquired the two logistics facilities in Lake County, Illinois, for an undisclosed price. Michael Caprile, Ryan Bain and Zachary Graham of CBRE provided disposition services.“This sale represents TIG’s strategy to acquire high-quality, institutional assets in prime locations,” said Richard Yeh, managing director at TIG. “The opportunistic sale produced an excellent total return for the investors on a shortened hold horizon.”The portfolio included a 60,025-square-foot manufacturing facility at 927 N. Shore Drive in Lake Bluff, Illinois and a 48,529-square-foot warehouse at 1940 USG Drive in Libertyville, Illinois. Both properties are fully occupied.Lake County is a premier business market in the Chicago area, boasting a 4.8 percent vacancy rate at year-end 2018. According to Transwestern’s research on the Chicago industrial market, the Lake County submarket saw 773,101 square feet of positive absorption in fourth quarter 2018, bring the yearly total to nearly 1.3 million square feet.Lake County compares well with the national industrial market, which continues to outperform in response to unprecedented demand. While nearly 1 billion square feet of new inventory has delivered in the past three years, the year-end vacancy rate was 4.7 percent, less than half of the post-recession high of 9.5 percent in 2010, according to Transwestern’s research on the national industrial market. Of the 47 markets Transwestern tracks, more than 90 percent experienced year-over-year rent growth, and all but four markets posted positive net absorption for the year. tagsIllinoisindustrialCBRELake CountyLake BluffLibertyvilleTranswestern Investment GroupDiversified International Partners FundHigh Street Realty Co.