Hayman Company, in Partnership with BELFOR, Acquires Industrial Portfolio Throughout the Chicago MSA

Hayman Company, in partnership with BELFOR, 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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