What High Street Logistics Properties does

High Street Logistics Properties is a private equity real estate investment management firm founded in 2002 by former senior executives of Trammell Crow Company and headquartered in Oakbrook Terrace, Illinois (with a Boston-area office and governing law under the Commonwealth of Massachusetts). The firm invests exclusively in institutional-quality industrial and logistics properties, with a stated focus on small box, infill, regional, local, and last-mile distribution assets in 16 major US markets across the eastern two-thirds and southwestern United States. Across its history the platform has acquired more than $6.0 billion of industrial real estate, encompassing 526 buildings and 70 million square feet occupied by over 1,000 tenants, and currently operates from five regional offices with a team of more than 40 professionals.

The firm's product suite spans Core+ (Core+ Fund V), Value-Add Existing, Value-Add Development, and Build-to-Suit Development strategies, packaged into a series of discretionary and non-discretionary fund vehicles (HS Fund I through VII, plus a fully discretionary Value Fund launched in 2022) together with separate accounts and joint ventures for institutional investors. Build-to-Suit is delivered through an in-house platform handling site selection, design, construction management, and project financing without external consultants, and has executed more than 300 projects covering 90 million square feet. The platform is vertically integrated, with in-house acquisition, development, asset management, finance, and capital markets teams, and was recognized for environmental credentials through 13 IREM Certified Sustainable Properties, GRESB participation, SFDR Article 8 compliance, and 2024 UN PRI signatory status, alongside a solar collaboration with Altus Power.

Revenue is generated through three primary streams: management fees on assets under management across multiple fund vintages and separate accounts, carried interest on realized investment returns, and development and construction fees on Build-to-Suit and value-add projects. Transaction sizes range from $3 million to $250 million, with the firm preferring all-cash closings and fee-simple ownership. Customer concentration on the tenant side is intentionally diversified across 1,000+ occupiers spanning pharmaceutical services, EV manufacturing, packaging, glazing, mass retail, and e-commerce; on the capital side, the firm serves US and foreign institutional investors with demonstrated repeat commitments across successive fund vintages.

Name

High Street Logistics Properties

Legal name

High Street Logistics Properties LLC

Website

https://highstreetlp.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

High Street Logistics Properties is a private equity real estate investment manager, founded in 2002, that acquires and develops small box industrial and logistics properties in 16 US markets for institutional investors through multiple fund vintages and build-to-suit engagements.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Investment Management

NAICS

Other Financial Vehicles (52599), Other Financial Vehicles (525990)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Industrial & Logistics Real Estate Asset Management (BPAJAMAC)

akta.pro secondary industries

Industrial & Logistics Brokerage (BPAJABAC), Warehousing & Logistics Facilities Brokerage (BPAJACAA)

Keywords

• Industrial real estate investing
• Logistics property funds
• Private equity real estate
• Build-to-suit development
• Value-add investments

Headquarters

HQ city

Woburn

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Fund Management Fees: Manages multiple discretionary and non-discretionary real estate investment vehicles (HS Fund I–VII, Core+ Fund V, Value-Add initiatives) for institutional investors, earning management fees on fund assets under management.
2. Carried Interest / Performance Fees: Discretionary fund structure includes carried interest on investment returns for fund investors and principals.
3. Development & Construction Services: Build-to-suit development platform handles site selection, design, construction management, and project financing in-house, generating revenue through development fees and value creation on completed projects.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

High Street Logistics Properties is a private equity real estate investment management firm that acquires, develops, and manages institutional-quality industrial and logistics properties—primarily small box, infill, regional, local, and last-mile distribution assets—across 16 major US markets. It operates through a series of discretionary and non-discretionary real estate funds (HS Fund I through VII, HSRE Core+ Fund V, plus a value-add vehicle) and offers Core+, Value-Add Existing, Value-Add Development, and Build-to-Suit investment strategies to US and foreign institutional investors.

Product overview

High Street Logistics Properties is a private equity real estate investment management company operating as a single unified platform focused on industrial and logistics properties. The company offers multiple investment strategies including Core+, Value-Add (existing and development), and Build-to-Suit development services. The platform is structured around a series of discretionary and non-discretionary funds (HS Fund I through VII and HSRE Core+ Fund V), spanning across 16 markets with 526 buildings and 70 MSF acquired. Investment activities are supported by five regional offices and vertically integrated in-house teams covering investment, acquisition, asset management, development, and finance.

Differentiator

Problem solved

Functional benefit

Products and services

• HS Fund Series (Fund I through VII)
• HSRE Core+ Fund V
• Value-Add Existing Assets Strategy
• Value-Add Development Strategy
• Build-to-Suit Development Platform
• Core+ Investment Strategy
• Industrial & Logistics Property Investment Platform

Quantifiable outcome

• 100% occupancy achieved at 355 Logistics Center (Lockport, IL) after acquisition at 17% occupancy, with Tesla and Berlin Packaging as anchor tenants
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Altus PowercoreStrategic or Co-development PartnerSolar energy collaboration with Altus Power to implement solar energy solutions across the portfolio, with active solar projects already underway. This partnership supports High Street's commitment to reducing operational carbon footprint and improving energy efficiency.
• United Nations-supported Principles for Responsible Investment (UN PRI)minorOthersIn 2024, High Street became a signatory to UN PRI, committing to responsible investment practices aligned with global ESG frameworks.
• Global Real Estate Sustainability Benchmark (GRESB)minorOthersHigh Street vehicles submit annual GRESB reporting for continual ESG performance evaluation and benchmarking.
• CoastsweepminorOthersMassachusetts-based coastal cleanup initiative supported through charitable giving.
• Feed My Starving ChildrenminorOthersCharitable organization supported through employee volunteerism and charitable contributions.
• Northern Illinois Food BankminorOthersChicago area food bank supported through charitable giving.
• Ronald McDonald House CharitiesminorOthersCharitable organization supported through charitable contributions.
• Special Olympics GeorgiaminorOthersGeorgia-based Special Olympics organization supported through charitable contributions.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Becknell Industrial: Privately held industrial real estate developer and investor focused on build-to-suit and speculative development across the US. Comparable in vertical integration, build-to-suit capabilities, and small/mid-box industrial focus, but at a smaller scale than High Street.

Direct peers

• EastGroup Properties: Sunbelt-focused industrial REIT specializing in distribution and light industrial facilities in infill markets. Comparable in geographic concentration (Southeast, Southwest, Texas) and last-mile logistics focus, similar in scale to High Street's $6B+ AUM.
• First Industrial Realty Trust: Publicly traded industrial REIT with a US portfolio of infill logistics and light industrial properties. Directly comparable in asset strategy and target geography; High Street's senior team (Zgutowicz, Redland, O'Reilly) were previously senior investment officers there.
• STAG Industrial: Publicly traded REIT focused on single-tenant industrial properties across the US, with a comparable scale and similar infill/last-mile logistics strategy. Directly comparable in deal size, asset type, and tenant profile to High Street's small-box focus.
• Monmouth Real Estate Investment: Industrial REIT focused on single-tenant, net-leased industrial properties across the US. Comparable in single-tenant infill industrial strategy, though smaller in scale and more narrowly focused on net-leased (rather than multi-tenant) assets.
• Plymouth Industrial REIT: Publicly traded industrial REIT focused on single- and multi-tenant industrial properties across the US, including secondary and tertiary markets. Comparable in asset profile, deal size range, and small/mid-box industrial strategy.
• Terreno Realty Corporation: Publicly traded REIT owning and operating industrial real estate in six major US coastal logistics markets. Comparable in infill logistics focus and acquisition-driven growth model, though geographically concentrated on coastal markets.

Broad incumbents

• Link Logistics (Blackstone): Blackstone's US industrial logistics platform with the largest private industrial portfolio in the country. Competes with High Street for infill acquisitions and institutional capital, but at a vastly larger scale and with access to Blackstone's capital base.
• Prologis: Global industrial REIT with ~$200B+ AUM, the dominant scale player in the US logistics market. Many High Street senior executives (Zgutowicz, Feeney, Ruen, Puckhaber) were previously at Prologis; competes with High Street for institutional capital and infill acquisitions but at vastly greater scale.
• Crow Holdings: Large Dallas-based PE real estate firm founded by Trammell Crow that shares High Street's Trammell Crow heritage. Operates industrial, multifamily, office, and other strategies with substantially larger AUM; competes for similar institutional capital and industrial deals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/high-street-logistics-properties

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about High Street Logistics Properties