As seen in RE Journals High Street Equity Advisors, LLC recently purchased a class A, industrial warehouse located in the Crest Hill Business Park at 21511 Division Street in Crest Hill, Ill.
The Boston, Massachusetts-based investment firm acquired the property from Qualified Intermediary Land Trust of Southern Illinois for an undisclosed amount. The 262,500-square-foot facility is situated on 13.07 acres and includes 50 exterior docks and 4 drive-in doors with a 30 foot clear ceiling height. The entire building is leased on a long-term basis to Goglanian Bakeries, Inc. High Street has awarded the property management of the facility to NAI Hiffman‘s Asset Management Group.
Michael Tenteris, senior vice president with NAI Hiffman’s investment services group and Jeff Fischer, vice president with NAI’s industrial services group, represented High Street in the transaction.