High Street Real Estate Fund acquires Chicago-area industrial portfolio

High Street Real Estate Fund VI, a fund managed by High Street Logistics Properties, has acquired a five-property industrial portfolio totaling 539,109 square feet along Interstate 80 in the Chicago-area suburb of Tinley Park, Ill. A sixth building within the portfolio is set to close later this month.

Financial terms were not disclosed.

JLL Capital Markets marketed the property on behalf of the seller.

The portfolio properties are located within the I-80 industrial corridor and in northeastern Will County, Ill. This location provides the buildings with immediate access to Interstate 80, one of the most critical transportation arteries in the country, and access to downtown Chicago.

High Street Real Estate Fund VI raised $500 million at its final close in April. The fund will look to acquire $1 billion in assets in its target distribution markets, which include Ch