Clear Height Properties/Long Wharf Capital Acquire Light Industrial Building in Broadview, Illinois
A joint venture partnership between Oak Brook-Illinois-based real estate investor Clear Height Properties (“Clear Height”) and Boston-Massachusetts-based private equity real estate manager Long Wharf Capital (“Long Wharf”) has acquired 2400 South 27th Avenue in Broadview, Illinois. The 37,254 square foot building includes 1,800 square feet of office space, three wide-span drive-in doors and two dock-high doors. The property also includes an oversized paved and secured industrial yard.
The NAI Hiffman team of Joe Bronson, Paddy Dwyer, and Patrick Clifford were the sole brokers in the sale and have been retained to lease 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 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 Long Wharf Capital
Long Wharf Capital LLC is a Boston-based private equity real estate manager focused exclusively on value-added investments in the U.S. Formed in 2011, the firm invests on behalf of institutional clients including pension funds, endowments, foundations, and family offices. Long Wharf’s investment approach utilizes multiple value creation strategies to target opportunities across property sectors and U.S. markets. Since Long Wharf’s first fund in 2012, the team has invested $1.5 billion of equity in more than 90 investments across the U.S. with an aggregated gross cost of $4.6 billion. For further information, visit: www.longwharf.com.