{"id":1004283596,"date":"2018-12-05T05:49:00","date_gmt":"2018-12-05T13:49:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004283596"},"modified":"2022-12-08T02:59:00","modified_gmt":"2022-12-08T10:59:00","slug":"jv-acquires-chicago-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-chicago-industrial-portfolio\/","title":{"rendered":"JV Acquires Chicago Industrial Portfolio"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004283749\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Hackman-Chicago-Industrial-Portfolio-Photo-Credit-Aerial-Associates.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004283749\" data-attachment-id=\"1004283749\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-chicago-industrial-portfolio\/hackman-chicago-industrial-portfolio-photo-credit-aerial-associates\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Hackman-Chicago-Industrial-Portfolio-Photo-Credit-Aerial-Associates.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;6.3&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5DS&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1525524283&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.000625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Hackman Chicago Industrial Portfolio Photo Credit Aerial Associates\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Hackman Chicago Industrial Portfolio&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Hackman-Chicago-Industrial-Portfolio-Photo-Credit-Aerial-Associates.jpg?w=800\" class=\"wp-image-1004283749 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Hackman-Chicago-Industrial-Portfolio-Photo-Credit-Aerial-Associates.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Hackman-Chicago-Industrial-Portfolio-Photo-Credit-Aerial-Associates.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Hackman-Chicago-Industrial-Portfolio-Photo-Credit-Aerial-Associates.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Hackman-Chicago-Industrial-Portfolio-Photo-Credit-Aerial-Associates.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004283749\" class=\"wp-caption-text\">Aerial of industrial portfolio<\/p><\/div>\n<p>A joint venture between High Street Realty Co. and Angelo Gordon has acquired a four-building industrial portfolio in the Chicago submarkets of O&#8217;Hare and South Cook. HFF marketed the assets on behalf of the seller, Hackman Capital Partners.&nbsp;<\/p>\n<p>The properties are all fully leased and total 713,555 square feet. The O\u2019Hare submarket buildings are located at 1010-1050 Sesame St. in Bensenville, which features a 252,000-square-foot building with two tenants, and 11241 Melrose Ave. in Franklin Park, which comprises a 77,301-square-foot property with two tenants. The South Cook submarket properties are located at 11939 S. Central Ave. in Alsip, which is a 320,871-square-foot asset with three tenants and 6748-6750 S. Sayre Ave. in Bedford Park, which is a 63,383-square-foot building with two tenants.&nbsp;<\/p>\n<p>The HFF investment advisory team included Senior Directors Robin Stolberg and Kurt Sarbaugh, as well as Analyst Sam Berry.<\/p>\n<p>In April, High Street Realty Co. acquired another <a href=\"https:\/\/www.commercialsearch.com\/news\/high-street-realty-buys-chicago-industrial-portfolio-for-86m\/\">Chicago industrial portfolio for $86 million<\/a>. The properties comprise 1.2 million square feet across 11 buildings.<\/p>\n<p><em>Image courtesy of Aerial Associates&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF marketed the assets on behalf of the seller, Hackman Capital Partners.\u00a0The properties include four buildings located in the O&#8217;Hare and South Cook submarkets. <\/p>\n","protected":false},"author":746,"featured_media":1004283749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21748,21783,13,21742],"tags":[36132,33897,32792,35273],"class_list":["post-1004283596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-industrial","category-investment","category-midwest","category-latest","tag-angelo-gordon-and-company","tag-hackman-capital-partners","tag-hff","tag-high-street-realty-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. 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