Clear Height Properties/Harbert U.S. Real Estate Acquire Multi-Tenant Light Industrial Building in Elmhurst, 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 a 82,692 square foot multi-tenant light industrial building at 321 West Lake Street in Elmhurst, Illinois.
The two-tenant building is in Chicago’s DuPage County, inside the West Suburban submarket. The park-like setting fronts I-290, just East of the Route-83 and I-290 interchange.
Michael Caprile, Ryan Bain, Zach Graham and Joe Horrigan of CBRE National Partners, with Cal Payne of CBRE were the brokers in the sale 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 more than 200 assets totaling approximately $950M over the past fifteen 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 $8.1 billion in Regulatory Assets Under Management as of February 28, 2025. 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