Hayman Company Acquires Industrial Portfolio Throughout the Chicago MSA

Hayman Company is pleased to announce the acquisition of the Chicago Industrial Portfolio, eight light-industrial properties, consisting of approximately 832,000 square feet throughout the Chicago MSA.
  • The buildings are leased to an impressive roster of tenants with a weighted average lease remaining that exceeds 11.5 years
  • The portfolio consists of 10 tenants in 10 different industries, protecting investors through diversification
  • Mission critical facilities, most tenants have made significant investments into the buildings and have equipment that is cost-prohibitive to relocate, additionally, the majority of the tenants consolidated their facilities
  • Chicago, which remains the premier location for industrial real estate, is centrally located with dominant transportation advantages (largest intermodal center in the U.S., a Class A railroad system, O’Hare Airport, along with developed interstate highway infrastructure, one of the best in the nation)
  • Seven of the buildings were developed by the seller, a distinguished, prominent, 92-year old development company in the Chicago market, which is evident in their high- quality, Class-A construction
  • The Chicago Portfolio investment opportunity offers excellent cash-on-cash returns, averaging a 8% – 9% throughout the anticipated hold period

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