JLL Capital Markets arranges the sale of Woodlands Light Manufacturing Center in Lake County
News release
16 July 2025
High Street sells Vernon Hills, IL industrial assets
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CHICAGO, July 16, 2025 – JLLCapital Markets announced today the sale of Woodlands Light Manufacturing Center, two industrial facilities totaling 289,847 square feet located at 800 and 875 Woodlands Parkway in Vernon Hills, Illinois.
JLL represented High Street Logistics Properties, which sold the property to Centaur Capital Partners and Talos Capital LLC.
The two-building industrial complex features 140,000 square feet at 800 Woodlands Parkway and 149,847 square feet at 875 Woodlands Parkway. Both facilities are fully leased to Kanaflex Corporation. The properties offer clear heights ranging from 19 to 29.5 feet, 12 dock-high doors, six drive-in doors, LED lighting throughout and a combined 247 parking spaces. The facilities include multiple cranes, making it ideal for Kanaflex's manufacturing operations.
Situated in the sought-after Lake County submarket, the properties benefit from proximity to executive housing and excellent access to the Chicago MSA via Interstate 94.
The JLL Capital Markets team representing the seller was led by Managing Directors Ed Halaburt and Kurt Sarbaugh.
"Lake County continues to attract industrial users and investors because of its specialized workforce and relatively lower commercial property taxes as compared to Cook County," said Sarbaugh.
Halaburt added, "With virtually no new competitive supply coming online and limited industrial land available for development in the immediate area, these properties are poised for continued rent growth and stable occupancy."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About High Street Logistics Properties
High Street Logistics Properties is a private equity real estate investment management company, investing in institutional quality industrial and logistics properties located in major markets across the United States.
About Talos Capital
In May of 2016 Talos Capital was born. It was established by its Founding Partners to provide best-in-class Industrial Real Estate Acquisitions and Asset Management capabilities for institutional capital. Since its founding Talos has successfully closed more than $9 Billion in acquisitions exceeding of 100 million square feet across the country.
Talos is focused on identifying investments that provide clients the opportunities to invest in functional distribution and manufacturing facilities strategically located to both major populations centers and major transportation infrastructure. These investments must provide its clients with an attractive basis with a measured level of risk.