Clear Height Properties/Harbert U.S. Real Estate Acquire Single-Tenant Light Industrial Building in Melrose Park, 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 58,715 square foot, single-tenant light industrial building located at 1975 Hawthorne Avenue in Melrose Park, Illinois, located near the intersection of North Avenue and Mannheim Road.

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

Thomas Rodeno and Todd Heine from Colliers International represented the seller in the purchase transaction. Brian Colson and Brian Pomorski from Avison Young represented Clear Height and have been retained to market the property.

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

About Harbert Management Corporation

Harbert Management Corporation is an alternative asset manager with approximately $8.2 billion in Regulatory Assets Under Management as of May 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,