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| Robin Stolberg |
CHICAGO, IL –– Holliday Fenoglio
Fowler, L.P. (HFF) announces 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 Chicago MSA houses the second largest
industrial market in the country. 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.
 |
| Kurt Sarbaugh |
The South Cook submarket
properties are 11939 South Central Avenue in Alsip, which is a
320,871-square-foot, three-tenant building, and 6748-6750 South 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.
Hackman Capital Partners is a privately-held,
real-estate investment and operating company that focuses on commercial and
industrial properties in major U.S. markets.
Founded in 1986, the company has
conducted more than $2.6 billion in real estate transactions across 41 states –
having owned, through affiliated entities, over 400 buildings totaling 35-plus
million square feet. For more information, visit https://www.hackmancapital.com.
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| Sam Berry |
High Street Realty Company is a recognized
private equity real estate investment management company focused exclusively on
institutional quality industrial assets in major markets across the eastern
two-thirds of the United States.
With extensive expertise across all
facets of real estate acquisition, finance, development, operations,
disposition, portfolio and asset management, the company is an experienced,
institutional, and hands-on operator committed to providing both outstanding
service to its tenants and superior risk adjusted returns to its
investors. Visit http://hsrealtyco.com to learn more.
About Angelo Gordon
Angelo
Gordon is a privately held limited partnership founded in November 1988. The
firm currently manages approximately $32 billion with a primary focus on credit
and real estate strategies. Angelo Gordon has over 450 employees, including
nearly 190 investment professionals, and is headquartered in New York, with
associated offices elsewhere in the U.S., Europe and Asia.
CONTACTS:
ROBIN STOLBERG
IL Lic. #475.123480
HFF Senior Director
(312) 528-3650
KURT SARBAUGH
IL Lic. #475.123047
HFF Senior Director
(312) 528-3650
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
