Clear Height Properties/Harbert U.S. Real Estate Acquire Multi-Tenant Light Industrial Building in Mokena, 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 72,000 square foot, multi-tenant light industrial building located at 19410 South La Grange Road in Mokena Illinois. The property is located less than one and one-half miles South of I-80.
Joshua Hearne, SIOR and Reinier Pranger of Cawley Commercial Real Estate represented Clear Height in the purchase transaction and have been retained by Clear Height to market the property for lease.
Mark Wright of Baird and Warner represented the Seller.
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.