CHICAGO – July 17, 2024—Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the acquisition of 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.
“This acquisition offers substantial opportunities for value creation through strategic leasing and rent growth,” said Ali. “We are excited to continue expanding our footprint in the Chicago market and to deliver exceptional value to our investors.”
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.
For more information, contact Stream Chicago at 312.801.9396.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,400 professionals and now completes annual transactions valued at more than $8.8 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
