HFF announces sale of 2-building industrial portfolio in Chicago
CHICAGO, IL – May 30, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a two-building, fully leased industrial portfolio totaling 180,766 square feet in Lake County, one of Chicago’s historically strongest-performing submarkets.
The HFF team marketed the property for the seller. Exeter Property Group purchased the portfolio.
The portfolio comprises two properties located in Covington Corporate Center at 951 and 1001-1011 Commerce Court in Buffalo Grove, a Chicago-area suburb. The assets are in the epicenter of Lake County, which is home to numerous corporate headquarters and a highly skilled labor force. 951 Commerce Court is a 95,810-square-foot single-tenant building fully leased to Veritas Document Solutions, an R.R. Donnelley Company. The second building in the portfolio is a complimentary multi-tenant 84,956-square-foot building located at 1001-1011 Commerce Court. The multi-tenant property is fully leased to five tenants, including Sears, Midwest Sealing Products and Perfect Power.
The HFF investment advisory team representing the seller was led by senior directors Robin Stolberg and Kurt Sarbaugh along with analyst Sam Berry.
About Exeter Property Group
Exeter Property Group is a real estate investment manager focused on industrial properties and portfolios across North America and Europe. As hands-on operators, Exeter’s experienced team of real estate experts acquires, develops and manages big box warehouse, multi-tenant logistics and select suburban and urban office and multi-family properties out of multiple regional offices. Its combination of local execution and national scope allows Exeter to construct diversified, high-performing portfolios to deliver superior real estate solutions to its tenants and to deliver proven risk-adjusted returns to its investors. For more information, visit http://exeterpg.com.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
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