Hackman Capital Partners Expands Footprint in Chicago’s North-Side Infill Real Estate Market

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Industrial PropertyAcquired in Sale-Leaseback Transaction

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Hackman Capital Partners, LLC, a privately-held, Los-Angeles-based real estate investment firm announced today the purchase of two industrial buildings in the city’s coveted North Submarket. The buildings were acquired in a sale-leaseback transaction and total 195,436 square feet. They are located on the river at 3001 North Rockwell Street (150,085 square feet) and 2950 North Campbell Avenue (45,351 square feet). The seller and tenant, Cenveo Corporation, is a leading global provider of custom print, labels and envelopes. Cenveo will continue operations in both facilities.

“We are thrilled to be increasing our presence in Chicago,” said Michael Hackman, founder and CEO of Hackman Capital Partners. “These are great buildings with a committed tenant in a vibrant, high-demand infill location where vacancy rates are low. The property also offers strategic access, situated blocks from the Blue Line and less than a mile from I-90.”

Hackman Capital Partners entered the Chicago market less than a year ago with the acquisition of a six-building, 906,984-square-foot infill portfolio. Those industrial buildings are located throughout metro Chicago with concentration near O’Hare and Midway International Airports.

Founded in 1986, Hackman Capital has transacted more than $2 billion in real estate transactions across 41 states—having owned, through affiliated entities, over 400 buildings totaling 35-plus million square feet and 24,000 acres of developable land. More than 11.4 million square feet of those properties have been located in the Midwest. The company manages the Midwest properties in its regional office in Columbus, Ohio.

The company extends special recognition to Preston Thomas, Mike Senner and Brian King of Colliers International, who represented the seller in the recent Chicago acquisition.

ACQUISITION> BUILDING HIGHLIGHTS

3001 N. Rockwell Street

  • Property Type: Manufacturing
  • 150,085 total square feet
  • 7,000 office square feet
  • 4.41 acres
  • 12’-18’ Clearance Heights
  • Built in 1965
  • 100% occupied

2950 N. Campbell Avenue

  • Property Type: Distribution
  • 45,351 total square feet
  • 5,000 office square feet
  • 1.31 Acres
  • 28’ Clearance Heights
  • Built in 1985
  • 100% Occupied

MORE ABOUT HACKMAN CAPITAL PARTNERS
Hackman Capital Partners is a privately-held real-estate investment and operating company that focuses on the acquisition of industrial properties, including complete facilities with industrial equipment. Hackman Capital also targets infill flex buildings, which the company redevelops for creative-office and other commercial uses.

Founded in 1986, Hackman Capital has conducted more than $2 billion in real estate transactions across 41 states—having owned, through affiliated entities, over 400 buildings totaling 35-plus million square feet and 24,000 acres of developable land.

The company is based in Los Angeles, California with regional offices in Columbus, Ohio and Boston, Massachusetts. It currently employs 82 people and manages approximately 300 major tenant companies nationwide, including Home Depot, Staples, Coca Cola, Lowe’s, Sony and Lego.

For more information, visit hackmancapital.com

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Audrey Hackman
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