Major New Industrial Lease Signed in Chicago’s O’Hare Submarket

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Hackman Capital Partners Executes 145,595-Square-Foot Lease with Supply-Chain Services Company at 1010-1050 Sesame Street In Bensenville, Illinois

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Hackman Capital Partners, LLC, a privately-held, real estate investment and operating company, announced today that Coregistics has leased 145,594 square feet at 1010-1050 Sesame Street in Bensenville, Illinois, a northeast suburb of Chicago. The 252,200-square foot building is situated minutes from the airport in the O’Hare industrial submarket and is owned by a Hackman Capital affiliate.

Coregistics, a packaging-centric, supply-chain services company, will be moving into the space January 1. The former tenant will be vacating it December 31. According to Ben Struewing, Hackman Capital’s Vice President of Leasing, Acquisitions and Sales, the transaction was accelerated to benefit both companies.

“Coregistics was searching for additional space to secure pending business from a major client. Our former tenant was looking to relocate and needed a flexible exit strategy. The solution was a win-win—and thanks to the agility of both landlord and tenant broker teams, the transaction was executed swiftly and seamlessly,” Struewing said.

CBRE’s broker team, Pete Roberson and Kevin Segerson, represented Hackman Capital Partners in the recent transaction. HFF’s Robin Stolberg and JLL’s Chris Tomasulo represented Coregistics.

“The deal was serendipitous,” said landlord broker Pete Roberson. “Coregistics has an existing facility right next door, so the location of this building was perfect for the company. We brought the opportunity to Hackman Capital. They were flexible, innovative and quick to act.”

The Coregistics lease maintains 100% occupancy at the property, where long-term tenant MayRich Company will continue to lease the remainder of the building.

The Sesame Street building is one of eight properties, totaling more than 1.1 million square feet, owned by Hackman Capital affiliates in high-demand, infill locations in the Chicago metro area. According to Struewing, Hackman Capital is seeking to further expand its Chicago foothold and is focusing on industrial and flex properties.

Founded in 1986, Hackman Capital Partners had conducted more than $3 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 of developable land. The company entered the Chicago market in December 2015.

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, infill flex buildings in major U.S. markets and other real estate that can be repositioned for higher and better uses. Founded in 1986, Hackman Capital has conducted more than $3 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 offices in Columbus, Ohio, Chicago, Illinois 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.

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Audrey Hackman
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