Clear Height Properties/ICP Funds Acquire Two Multi-Tenant Light Industrial Properties in Northbrook’s Sky Harbor Industrial Park
A joint venture partnership between Oak Brook-Illinois-based real estate investor Clear Height Properties (“Clear Height”) and Houston-Texas-based ICP Funds has acquired two multi-tenant light industrial buildings totaling 93,059 square feet in Northbrook’s Sky Harbor Industrial Park.
Located in Chicago’s infill North Cook County industrial submarket, the buildings are located at 720-730 Landwehr Road and 305-311 Era Drive. The portfolio is fully leased, with the Landwehr building being home to two tenants and the Era building home to three tenants.
“We are excited to add these multi-tenant properties to our portfolio due to their exceptional location and immediate proximity to I-294,” said Rick Nevarez, Director of Acquisitions, Clear Height Properties.
Sean Devaney, Kurt Sarbaugh and John Huguenard of JLL were the sole 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. 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 ICP Funds
ICP Funds is an evergreen private equity real estate fund, with properties in 14 U.S. cities, that pools investors’ funds into its growing portfolio of industrial, flex, and suburban corporate offices in markets throughout the US. Learn more at www.icpfunds.com.