Illinois Real Estate Journal reported today that HSA Commercial has completed a six-building, $80.5M portfolio sale to Industrial Income Trust, a Denver-based REIT.

The properties, owned by HSA Commercial and Bridge Development Partners, total approximately 1.1 million-square-feet and are 86 percent leased to 18 tenants including Walgreens, Ace Hardware, Nestle Waters, and Goodyear. Four of the properties are located in Woodridge and two are in Aurora.

The deal is part of a portfolio sale that will include three more properties: 575 Crossroads Pkwy in Bolingbrook; 2580 Diehl Rd in Aurora; and 10330 Argonne Woods Drive in Woodridge, which will close in the third quarter.

Eight of the properties are owned by HSA and one is owned by Bridge.

According to Robert Smietana, vice chairman and CEO of HSA, Ron Frain, a principal at Bridge Development, is a partner in several of the HSA properties as well.

The partners began to put together the portfolio earlier this year as the investment market began to show an appetite for core product.

“We were seeing an influx of aggressive capital, and we had heard of a couple deals that were happening for Class A product in strong locations,” says Smietana.

Read the Full Article on REJournals.com

HSA Commercial will still retain management and leasing services for the entire portfolio, which includes the following properties:

• BridgePoint: 1000-1020 Davey Road, Woodridge
• Maple Point: 10330-10335 Argonne Woods Drive, Woodridge
• Park 355: 2145 International Parkway, Woodridge
• 575 Crossroads Parkway, Bolingbrook
• 2580 Diehl Road, Aurora
• 1203-1207 Bilter Road, Aurora