Stream Realty Partners acquired a four-building industrial portfolio totaling 599,988 square feet of Class-A industrial space in the Chicago metro area.
The properties are strategically located in key submarkets, ensuring robust market presence and high tenant demand.
The assets include Asbury Drive, a 157,500-square-foot building located at 850 Asbury Drive in Buffalo Grove in the Lake County submarket; Rockwell Logistics Center, a 174,262-square-foot building located at 2545 W. 24th Street in Chicago in the City South submarket; and Mokena Logistics I and II, 268,226 square feet across two buildings located at 8965 and 8905 W. 187th Street in Mokena in the Joliet submarket. The portfolio is fully leased to seven tenants.
Stream Executive Managing Director and Partner Patrick Russo, Portfolio Manager Mustafa Ali, and Associate Ben Harrison facilitated the acquisition. CBRE’s Capital Markets Advisors, which include Ryan Bain, Michael Caprile, Zach Graham, Judd Welliver, Bentley Smith, Joe Horrigan, and Victoria Gomez, along with local brokers Whit Heitman, Sam Badger, Larry Goldwasser, and Terry Grapenthin.
On the heels of Stream’s recent purchase of the Halsted Pershing Business Center in Chicago’s Stockyards submarket, the portfolio 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.
