JLL arranges sale of 717K-SF industrial portfolio across Chicago's collar counties

CHICAGO, Aug. 13, 2026 – JLL Capital Markets announced today the sale of a 10-property light industrial portfolio totaling 717,475 square feet strategically positioned across Chicago's collar counties.

JLL represented the seller, High Street Logistics Properties, in the transaction.

The diverse collection of assets spans five municipalities in Will, DuPage and Kane counties, offering immediate access to major transportation corridors including Interstate 80, Interstate 55, Interstate 88 and Interstate 90.

The portfolio comprises second-generation facilities averaging 26 feet in clear height with a mix of single-tenant and multi-tenant configurations across 22 total suites. Built in 2001 on average, the properties feature modern logistics specifications including a combined 78 dock doors and 23 drive-in doors, complemented by 1,013 car parking spaces across 41.5 acres. The collection includes six assets in Tinley Park, two properties in Mokena and single assets in Naperville, Elgin and Romeoville.

Currently 83.7% leased to 19 tenants across diverse industries, the portfolio features a weighted average lease term of 3.8 years with a staggered rollover schedule. The properties range in size from 23,600 square feet to 237,241 square feet, offering flexibility for a broad range of industrial users seeking last-mile distribution, light manufacturing and warehouse space in Chicago's high-demand southwestern and northwestern submarkets.

Each property benefits from proximity to major Interstate systems, facilitating efficient distribution throughout the Midwest region. The portfolio's office finish percentages range from 9.4% to 24.5%, accommodating both traditional warehouse users and tenants requiring enhanced administrative space.

The JLL Capital Markets team was led by Managing Directors Kurt Sarbaugh and Ed Halaburt, Senior Managing Directors Trent Agnew and Sean Devaney, Senior Director Ross Bratcher and Associate Cameron Chandra.

"This represented a compelling opportunity for investors seeking exposure to the Chicago industrial market — a well-positioned portfolio across the collar counties with strong fundamentals and upside through lease-up and rental rate growth," said Sarbaugh. "Demand remains robust in these submarkets, and institutional capital continues to pursue quality product outside Cook County where attractive value propositions continue to exist."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group 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. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

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.