May 22, 2019
Stream Realty Partners has been tapped by Principal Real Estate Investors on behalf of a large institutional client to manage two Class A industrial properties in Chicago’s suburbs. They include 1111 Chase Ave. in Elk Grove Village, IL and 11601 Copenhagen Ct. in Franklin Park, IL.
The 133,000-square-foot Elk Grove facility was completed in December 2018 and immediately leased by Seko Worldwide and Gran Quartz. The 400,370-square-foot Franklin Park site was completed earlier this month and is currently available for lease.
“Managing these new properties will provide Stream with the opportunity to build our Chicago-area portfolio with more assets in an ever-growing submarket,” said Victoria Knudson, EVP of Stream Chicago. “We look forward to increasing our standing and achieving great results as we move forward with our national clients.”
In March, the company announced that its Chicago-area management portfolio had grown to 12 million square feet across 70 properties.
Pictured: 11601 Copenhagen Ct.
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