A Clear Height Properties transaction featuring 31 industrial assets and two land sites totaling more than 1.4 million square feet of space was selected as the Most Significant Investment Sale Transaction in 2022 at the fourth annual Illinois Real Estate Journal Awards held June 2.
Clear Height Properties team members celebrated the win along with nearly 700 design, engineering, construction, development, legal and financial services professionals applauding accomplishments across the industry.
“We’re proud to have been included in such a competitive field alongside Colliers International and Interra Realty,” said Dominic A. Sergi, CEO, Clear Height Properties. “And it was a pleasure to be among so many innovative professionals from firms large and small.”
The transaction was notable for its massive size, one of the largest completed in 2022, as well as the way it was deftly executed during a period of economic uncertainty and challenging capital market headwinds.
The deal was a joint venture partnership between Clear Height Properties and Harbert US Real Estate (“HUSRE”), an investment strategy sponsored by Harbert Management Corporation (“HMC”). The acquisition is a key contributor to Clear Height’s long-term growth strategy across Chicago and the Midwest.