Zilber Property Group completed the sale of a portfolio of industrial buildings to two private equity funds managed by High Street Realty Company. Concentrated along the I-94 corridor in southeastern Wisconsin and northern Illinois, the portfolio is made up of 15 institutional-quality industrial buildings totaling 1.68 million square feet.
A majority of the portfolio assets are the product of ZPG’s development activity over the last 10 years, in addition to several strategic acquisitions, which aligned with the company’s investment goals. Tenancy of the portfolio has been robust over the term of ownership with ZPG, including several instances of Illinois-based companies relocating and expanding operations, creating hundreds of job opportunities in Wisconsin.
As of July 22, ZPG owns and manages an industrial real estate portfolio of 45 buildings in southeast Wisconsin, Illinois and Indiana and over 175 acres of development-ready land sites.
