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November 2011

High Street Buys 262,500-SF Warehouse in Crest Hill

As seen in Costar
NAI Hiffman Brokers Sale of Logistics Center
By Eric Tilden

Michael Tenteris and Jeff Fischer of NAI Hiffman brokered the deal on behalf of High Street Equity Advisors.High Street Equity Advisors, a Boston-based investment firm, purchased a 262,500-square-foot I-55 Logistics Center building in Crest Hill, IL, from the Qualified Intermediary Land Trust of Southern Illinois for $11.6 million or $44 per square foot.

The warehouse at 21511 Division St. was built in 2006 and is leased out on a long-term basis to Goglanian Bakeries Inc. The property is on 13 acres and includes 50 exterior docks and four drive-in doors.

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