An affiliate of Hackman Capital Partners, LLC, a Los-Angeles-based real estate investment firm with ties to the Midwest, has purchased a 906,984-square-foot industrial real estate portfolio containing six buildings located throughout metro Chicago.
The buildings, five of which are multi-tenant buildings, are 89% occupied.
With the recent Chicago acquisition, Hackman Capital’s Midwest presence represents approximately seven-million square feet of the 25-million-square-foot portfolio owned by its various affiliates.
The company said it plans to make any necessary capital improvements to lease up the 11% vacancy across two of the six buildings. To help market the available space, Hackman Capital has retained Pete Roberson and Larry Johnson of CBRE and Kenneth Franzese of Lee & Associates. Colliers International has been retained as the property management group.
Michael Caprile, Ted Staszak and Stephanie Park of CBRE represented the seller in the acquisition.