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High Street Makes $32M Acquisition

HAMPTON, VA-This is High Street Real Estate Fund II's fourth acquisition. The fully leased complex trades for $32.2 million.

By Erika Morphy | Updated on June 12, 2006

(To read more on the industrial market, click here.)

HAMPTON, VA-High Street Equity Advisors, LLC, a Boston-based real estate investment firm has acquired 301 & 500 West Park Lane for $32.2 million. The two distribution facilities, which total 515,486 sf, were sold by Cohen Financial.

High Street Real Estate Fund II, the company’s latest fund which acquired these properties, is set to make up to $400 million in institutional quality industrial, office and multifamily acquisitions. It focuses on assets ranging from $5 million to $35 million. The firm has already purchased three other properties for the fund totaling $54.2 million and more than 1.5 million sf.

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