MAKING HEADLINES

OAK BROOK, IL (July 11, 2022) – Rick Nevarez has been promoted to Director of Acquisitions and Joe Young to Managing Director, Asset Management and Acquisitions. The announcement was made by Gary Rose, COO and President, Clear Height Properties (CHP). Nevarez joined CHP in 2015 and has previously served as Executive Vice President of Operations…

A joint venture partnership between Oak Brook-based real estate investor Clear Height Properties and Harbert US Real Estate, an investment strategy sponsored by Harbert Management Corporation (“HMC”), has sold a 140,796 square-foot, 7-building industrial portfolio located at 747 N. Church Road in Elmhurst, IL. The portfolio is 100% leased to twenty-three tenants ranging in size…

OAK BROOK, IL (June 3 2022) – A joint venture partnership between Oak Brook, IL-based real estate investor Clear Height Properties and Chicago, IL-based Blackbird Investment Group has sold 1250-1350 Greenleaf Avenue in Elk Grove Village, IL. The 112,000 square-foot industrial building is fully leased to Brett Anthony Foods. Michael Caprile, Zach Graham, Jason Lev…

Clear Height Properties has completed the sale of a seven-property, 450,034-square-foot industrial portfolio located in key Chicago submarkets. The portfolio is 94% leased to 66 tenants. The buyer was J&L Real Properties. Avison Young marketed the portfolio for sale on behalf of Clear Height. “After successfully executing our business plan, we are pleased to profitably…

Clear Height Properties has named R. Todd Barthel its Chief Financial Officer. Todd comes to Clear Height with twenty years of experience in major accounting and investment management firms. In this role, Todd will oversee CHP’s current portfolio of 42 properties, totaling approximately three million square feet. The announcement of Todd’s new position was made…

Clear Height Properties has sold 345 S. Fairbank in Addison, IL to a user just four months after acquiring the property last fall. Justin Lerner, Joe Karmin, and Ross Lehrman of Transwestern represented Clear Height. Brent De Noble and Doug Altenberger of Lee & Associates represented the buyer. Immediately upon acquisition at the end of…

Clear Height Properties has named Max P. Hoye its Director of Leasing. Max comes to Clear Height with a decade of diversified real estate experience and holds a managing broker license in the state of Illinois. In this role, Max will oversee CHP’s current portfolio of 42 properties, totaling approximately three million square feet. Max’s…

A joint venture partnership between Oak Brook, IL-based real estate investor Clear Height Properties and Chicago, IL-based Blackbird Investment Group has sold a 56,500 square-foot industrial building located at 1400 Greenleaf Avenue in Elk Grove Village, IL. The team acquired the property in January 2021, secured 6b tax eligibility, and completed renovations totaling approximately $720,000.…

A joint venture partnership between Oak Brook-based real estate investor Clear Height Properties and Harbert US Real Estate, an investment strategy sponsored by Harbert Management Corporation (“HMC”), has acquired an 131,733 square-foot, 4-building industrial portfolio located at 4725/4735 W. 135th St. and 13500/13530 S. Kenton Ave. in Crestwood, IL. The portfolio is 88% leased to…

A joint venture partnership between Oak Brook-based real estate investor Clear Height Properties and Buligo Capital Partners has acquired a 265,000 square-foot, 5-building light industrial portfolio located in Hoffman Estates, Schaumburg, Aurora, and Bloomingdale. The portfolio is 100% leased to 4 tenants with over 7 years of weighted average lease term remaining. “We are delighted…

Acquisition represents third transaction for joint venture A joint venture partnership between Oak Brook-based real estate investor Clear Height Properties and Harbert US Real Estate, an investment strategy sponsored by Harbert Management Corporation (“HMC”), has acquired an 83,745 square-foot, multi-tenant group of four buildings located at 1765-1795 Cortland Court, in Addison, IL. The brick masonry…

Addition Supports CHP’s Aggressive Acquisition Posture Jed Degnan has been named a Director of Acquisitions at Clear Heights Properties (CHP) as the company looks to significantly expand its portfolio of industrial and office properties in the Chicago metro area and across select Midwest markets. Gary Rose, CHP’s COO/President, made the announcement. “We believe there is…

Plans Comprehensive Repositioning Plan Before Marketing for Lease Clear Height Properties has acquired the vacant industrial building at 345 South Fairbank in Addison for the purposes of redeveloping the property and then marketing it for lease, targeting the building as a single tenant asset. Transwestern represented the seller of the property and is marketing the…

Three Tenants Sign Leases Totaling Approx. 27,400 Sq. Ft. at 26TWENTYFIVE in Oak Brook Three leases totaling 27,374 square feet of space have been completed at 26TWENTYFIVE in Oak Brook. The 214,767-square-foot building is owned by Clear Height Properties. The leasing agent for the building is NAI Hiffman. “Despite the headlines in the news about…

JV leverages investor appetite for recently renovated suburban assets with vacancy Clear Height Properties and its joint venture partner Buligo Capital Partners have sold an Oak Brook office property in a transaction that demonstrates the opportunity some investors see in recently renovated suburban office assets that also contain some vacancy. Chicago-based real estate investor Helios…