Zilber Property Group (ZPG) has 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 comprised of fifteen 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 ten 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.
“Southeast Wisconsin continues to be a strategic location for industrial real estate investment and the sale of this portfolio allows for reinvestment of our capital in a market we are confident in,” said John Kersey, executive vice president, Zilber Ltd. “We are grateful for the communities that we have had the opportunity to invest in and the relationships we have built over the last decade and look forward to remaining an active investor and corporate partner with these communities.”
As of Monday, July 22, 2019, 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.