Stream Realty Partners Acquires Industrial Portfolio In Chicago Metro Area From Westcore Properties For $83.5M

An industrial portfolio comprised of four fully leased Class A properties spanning a total of 599,988 square feet has been sold within the Chicago metro area. The transaction was completed for a total price of $83,500,000, which results in a price per square foot of $139. The properties are located at 850 Asbury Drive, 2545 West 24th Street, 8965 West 187th Street, and 8905 West 187th Street, in the markets of Buffalo Grove, Chicago, and Mokena.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $83,500,000
• Square Footage: 599,988
• Price Per Square Foot: $139
• Buyer: Stream Realty Partners
• Seller: Westcore Properties
• Brokers Representing Buyer: Ben Harrison, Mustafa Ali, Patrick Russo - Stream Realty Partners
• Brokers Representing Seller: Bentley Smith, Joe Horrigan, Judd Welliver, Larry Goldwasser, Michael Caprile, Ryan Bain, Victoria Gomez, Whit Heitman, Zachary Graham, Sam Badger, Terry Grapenthin - CBRE

The acquisition was facilitated by Stream's brokerage team along with CBRE’s Capital Markets Advisors. This transaction marks an expansion of Stream Realty Partners’ portfolio in the Chicago area, succeeding their recent purchase of the Halsted Pershing Business Center.