April 5, 2019 Comments Off on TIG Trades Two-Building Lake County Industrial Portfolio Views: 589 Chicago News, Greater Chicagoland

TIG Trades Two-Building Lake County Industrial Portfolio

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Transwestern Investment Group (TIG) has sold a 108,554-square-foot industrial portfolio on behalf of the Diversified International Partners Fund. Boston-based High Street Realty Co. acquired the two Lake County logistics facilities for an undisclosed price.

The portfolio included a 60,025-square-foot manufacturing facility at 927 N. Shore Dr. in Lake Bluff, and a 48,529-square-foot warehouse at 1940 USG Dr. (pictured) in Libertyville. Both properties are fully occupied.

“This sale represents TIG’s strategy to acquire high-quality, institutional assets in prime locations,” said Richard Yeh, managing director at TIG. “The opportunistic sale produced an excellent total return for the investors on a shortened hold horizon.”

CBRE’s Michael Caprile, Ryan Bain and Zachary Graham provided disposition services for the portfolio.

Lake County is one of the Chicago region’s strongest industrial submarkets, with 4.8% vacancy at year-end 2018, according to Transwestern data.

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