MAKING HEADLINES

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 121,684 square foot, muti-tenant light industrial complex located at 9201 East Bloomington Freeway in Bloomington, Minnesota, known as the “Bloom Tech” complex.…

A joint venture partnership between Oak Brook-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 20,000 square-foot, light industrial building located at 500-502 Crossen Avenue in Elk Grove Village, Illinois. The property is fully leased to two-tenants…

Clear Height Properties completed 37 new and renewal leases totaling 205,000 SF in Q3 2023 bringing the total to 767,000 SF leased in 2023 compared to 425,000 SF leased during the same period in 2022. “There was a higher volume of tenant consolidations, subleases and relocations in the third quarter as higher interest rates have…

A joint venture partnership between Oak Brook-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 an industrial property at 700‒750 Chestnut Avenue in Park City, Illinois. Situated between Lake Bluff and Waukegan, and only a mile from the…

A joint venture partnership between Oak Brook-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 13,687 square-foot vacant industrial building located at 780 Bonnie Lane in Elk Grove Village. The property is a single-tenant building with two…

Clear Height Properties completed 40 new and renewal leases totaling 304,000 SF in Q2 2023 bringing the total to 561,000 SF leased in 2023. “This second quarter proved to be one of Clear Height’s strongest leasing quarters which is a testament to the Clear Height platform of acquisitions, project and development services, property management and…

Clear Height Properties (“Clear Height”) has leased a single-tenant 34,700 square-foot ISF located at 1404 West Fullerton Avenue, in Addison, Illinois. Clear Height purchased the property in September 2022 vacant and executed a series of capital improvements including a new roof, new mechanicals, new drive-in doors, parking lot replacement, and exterior painting. “Getting this project…

Clear Height Properties (“Clear Height”) has acquired a 21,400 square-foot vacant industrial building located at 605 Bonnie Lane in Elk Grove Village, Illinois. The property consists of a 21,400 square foot single-tenant building with 2,000 square feet of office space, two dock-high doors, one drive-in door, and parking for 25 vehicles. The property is located…

A Clear Height Properties transaction featuring 31 industrial assets and two land sites totaling more than 1.4 million square feet of space was selected as the Most Significant Investment Sale Transaction in 2022 at the fourth annual Illinois Real Estate Journal Awards held June 2. Clear Height Properties team members celebrated the win along with…

Clear Height Properties has created a new Property Operations department, promoting former Property Operations Manager Lauren Posey to the role of Director. Relatively uncommon in the industry, property operations bridges property management and accounting functions to streamline analytics, communications, and decision making across Clear Height teams. “Visibility throughout the organization means I can predict how…

Clear Height Properties (“Clear Height”) has acquired an 18,800 square-foot ISF located at 9211 Gage Avenue in Franklin Park, Illinois. The property consists of an 18,800 square foot building with a low 30% building-to-land coverage ratio, fully gated and secured parking area for a fleet of field service vehicles, four drive-in doors, and interior triple…

Clear Height Properties completed 40 leases in the first quarter of 2023. “Clear Height had a strong first quarter of new and renewal leasing activity throughout our four million square foot portfolio,” said Max Hoye, Director of Leasing at Clear Height. “We stay in constant communication with our nearly four hundred tenants to ensure their…

Clear Height Properties (“Clear Height”) has acquired a 20,648 square-foot single-tenant, fully leased industrial building located at 614 East State Parkway in Schaumburg, Illinois. The property’s features include 3,400 square feet of office space, two drive-in doors, one dock-high door, 21’ clear warehouse ceiling height and more than 50 car parking spaces. The building is…

Clear Height Properties is pleased to welcome Robin Stolberg as their Managing Director of Acquisitions, a newly created position within the organization. In this role, Robin will lead all acquisition efforts at Clear Height, a function formerly managed by co-founder and CEO Dominic A. Sergi. “With the way Clear Height has been growing, we needed…

Clear Height Properties completed 7 new and 11 renewal leases in the fourth quarter of 2022 totaling 75,000 SF and has completed 103 leases totaling 500,000 SF for the year. “We saw a flurry of new tenant activity to close out the year which will continue into 2023 and leaves us feeling optimistic to begin…