Clear Height Properties/Harbert U.S. Real Estate Acquire Multi-Tenant Light Industrial Building in Addison, Illinois

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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 a 38,942 square foot, multi-tenant light industrial building located at 2100 Corporate Drive in Addison, Illinois. The property is centrally located with immediate proximity to the I-355 & Army Trail Road interchange in the central DuPage submarket. 

Clear Height will implement a capital improvement plan and shortly reintroduce the property to the market.

Michael Lupo from Colliers and Julie Lombardo from JLL were the sole brokers in the purchase transaction.


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 and central United States. From its headquarters in Oak Brook, Illinois, the firm has bought and sold 194 assets totaling over $850M 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 $7.8 billion in Regulatory Assets Under Management as of March 31, 2024. 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.

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