Clear Height Properties/Harbert U.S. Real Estate Acquire Another Multi-Tenant Light Industrial Building in Crestwood, Illinois
A joint venture partnership between Oak Brook-Illinois-based real estate investor Clear Height Properties (“Clear Height”) and Harbert US Real Estate (“HUSRE”), an investment strategy sponsored by Harbert Management Corporation (“HMC”), has acquired 4700 W. 137th Street in Crestwood Illinois. The addition will bring Clear Height’s Crestwood portfolio to over 150,000 square feet, across 27-units.
Jesse Miranda and Ronan Remandaban with Bradford Allen will continue to lead leasing efforts for Clear Height’s expanding portfolio in Crestwood.
About Clear Height Properties
Piloted by an experienced leadership team, Clear Height Properties has built a strong platform for acquiring and operating industrial real estate in the most desirable locations throughout the Midwest. From its headquarters in Oak Brook, Illinois, the firm has bought and sold 180 assets totaling over $800M over the past ten years, establishing a record of strong risk-adjusted returns. Driven by its core values and mission of “building wealth and creating legacies,” Clear Height is uniquely positioned to invest in, manage and add value to every asset and relationship. Learn more at www.clearheight.com.
About Harbert Management Corporation
Harbert Management Corporation is an alternative asset manager with approximately $7.9 billion in Regulatory Assets Under Management as of October 31, 2023. Formed in 1993, the firm is privately owned and serves foundations and endowments, fund of funds, pension funds, financial institutions, insurance companies, family offices, and high net worth individuals across multiple asset classes. Investment strategies include European and U.S. real estate, seniors housing, U.S. growth capital, credit solutions, infrastructure, and absolute return funds. For additional information about HMC visit, www.harbert.net.