MAKING HEADLINES

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…

Clear Height Properties has announced the promotions of Gary Rose, from Managing Director, Asset Management & Acquisitions to Chief Operations Officer and President. Joe M. Sergi, a partner in the firm and formerly its COO takes on the new role of Chief Revenue Officer (CRO). The announcements were made by Clear Height CEO and Partner,…

Addition Supports Clear Height’s Aggressive Acquisition Posture Clear Height Properties (Clear Height) has named Ryan Maher its Director of Acquisitions to execute an aggressive acquisition plan for industrial and office properties in Chicago and across the Midwest. The announcement was made by Gary Rose, the company’s COO and President. As Director of Acquisitions, Maher’s role…

Joint Venture Completes Acquisition of 75,000 SF Industrial Facility The joint venture partnership of Clear Height Properties and Harbert U.S. Real Estate, an investment strategy sponsored by Harbert Management Corporation, has acquired a 75,000-square-foot, single-tenant net leased industrial building located at 1228 Tower Road in Schaumburg, Illinois. The joint venture recently completed a $55+ million…

Clear Height Properties (“Clear Height”) has completed a 15 property, $55+ million recapitalization through the formation of a joint venture partnership with Harbert U.S. Real Estate, an investment strategy sponsored by Harbert Management Corporation (“HMC”). The transaction marks HMC’s entry into the Chicago industrial market. It also provides a level of capital that Clear Height will use as it…

Lobby, common areas and parking were the focus of the Buligo Capital Partners & CHP partnership  Clear Height Properties has completed the renovation and repositioning plans for 814 Commerce Drive in Oak Brook. Clear Height acquired the office building at the end of 2019 in a joint venture with Buligo Capital Partners. Developed in 1990,…

Move to property it owns makes it closer to expanding portfolio of space Clear Height Properties, the real estate investment, management and services firm has relocated its offices to 26TWENTYFIVE, the 214,767-square-foot building it owns and has repositioned in Oak Brook. Clear Height has taken a 6,290-square-foot space on the 2nd floor of the building…

Company Launches SNAP Healthcare to Meet Business/Consumer Demand from COVID-19 Pandemic Northbrook based SNAProducts has completed a lease for approximately 5,100 square feet at 714 Landwehr, Northbrook, IL in north suburban Northbrook to accommodate the continued growth and expansion of the woman-owned business. SNAProducts, and its subsidiaries, now occupy almost 20,000 square feet of space…

Three-part transaction allows commercial kitchen to grow to 112,000 SF in Elk Grove Brett Anthony Foods, in rapid expansion mode since its founding 10-plus years ago, has completed a 15 year sale-leaseback transaction with Chicago-based Clear Height Properties that ultimately will allow the commercial kitchen to more than double the size of its Elk Grove…

Clear Height Properties’ Project and Development Services Division Served as Project Manager Singerman Real Estate, a real estate private equity firm, has relocated to a new, 8,000-square-foot corporate headquarters office at 980 N. Michigan Avenue. The Project & Development Services Division of Clear Height Properties served as project manager for the tenant improvement assignment, inclusive…

Company plans repositioning effort to bring new energy to Oak Brook office building A Clear Height Properties/Buligo Capital Partners JV has announced the acquisition and planned repositioning of 814 Commerce Drive in the eastern East West Corridor. Clear Height acquired the office building from Elliott Management for an undisclosed purchase price. This is the second…