High Street Logistics Properties Buys Chicago Industrial Portfolio
JLL closed the sale of the five-property, 539,109-square-foot portfolio in Tinley Park, IL to Boston-based buyer, High Street Logistics Properties.
CHICAGO – A five-property, industrial portfolio in Tinley Park, Ill., has traded hands, with a sixth building within the portfolio is set to close later this month.
The portfolio totals 539,109 square feet along Interstate 80. The assets are located in the northeastern most point of Will County.
The buyer, Boston-based, private-equity real estate investment management company, High Street Logistics Properties purchased the properties via its sixth investment vehicle, High Street Real Estate Fund VI.
JLL marketed the property on behalf of the seller. The JLL capital markets team of senior directors, Kurt Sarbaugh, Robin Stolberg, Ed Halaburt, Sean Devaney and senior managing director, John Huguenard, represented the seller in the transaction.