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.
Michael Tenteris and Jeff Fischer of NAI Hiffman brokered the deal on behalf of High Street Equity Advisors.
Please see Costar COMPS #2204612 for more information on this transaction.