Stream Realty Partners acquired the Halsted Pershing Business Center at 815 W. Pershing Ave. in Chicago’s Stockyards submarket. This industrial property, encompassing 104,008 square feet, stands out as a rare Class-A facility within the city limits.
The Halsted Pershing Business Center is 100% leased to three tenants with an average of four years of term remaining, ensuring stable, long-term occupancy. Additionally, the property features a recently renewed 6b tax classification, enhancing its appeal and value in the competitive Chicago industrial market.
Stream Executive Managing Director & Partner Patrick Russo, Portfolio Manager Mustafa Ali, and Associate Ben Harrison facilitated the acquisition. JLL’s Capital Markets team, which included Ed Halaburt, Sean Devaney, John Huguenard, Kurt Sarbaugh, Will McCormack, and local market expert Michael Conway, represented the seller.
Halsted Pershing Business Center was acquired and overseen by Stream’s Investment Management team, which leverages expertise from Stream’s 16 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream currently manages a portfolio of 41 investments, totaling 23.2 million square feet and approximately $2 billion of equity, across five commingled funds, several joint venture vehicles, and wholly-owned assets.
