Clear Height Properties/Harbert U.S. Real Estate Acquire Multi-Tenant Light Industrial Building in Bridgeview, 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 (“HMC”), has acquired a 43,750 square foot, multi-tenant light industrial building located at 9700 Industrial Drive in Bridgeview, Illinois. The property is located immediately off the 4-way interchange of I-294 and 95th Street.
Jeff Locascio, SIOR and Chris Wilbur of Entre Commercial Realty were the sole brokers in the purchase transaction and have been retained by Clear Height to market the property for lease.
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 190 assets totaling over $830M 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 $7.7 billion in Regulatory Assets Under Management as of January 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.