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chi-755 remington (2) 755 Remington Blvd. in Bolingbrook, IL.

CHICAGO—Investors now look upon this metro area as one of the best locations to buy industrial property, and many significant deals have already been made this year. A team from JLL Capital Markets recently completed the sale of a 1.17 million-square-foot, 11-property portfolio of buildings across the Chicago suburbs on behalf of an institutional client. Boston-based High Street Realty Co., LLC paid $86 million for the 86% leased portfolio on behalf of High Street Real Estate Fund V, LP.

“They already have a good foothold in Chicago,” John Huguenard, international director at JLL, tells GlobeSt.com. High Street typically buys up buildings in four hubs vital to the nation’s supply chain: Chicago, Atlanta, Dallas, and Philadelphia-NJ. And as the company recently sold a national portfolio, including many Chicago properties, to Blackstone REIT, picking up these healthy Chicago-area properties fits in quite well with its national strategy.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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