Clear Height Properties/Harbert U.S. Real Estate Announce Sale of 140,796 SF 7-Building Industrial Portfolio in Elmhurst, Illinois

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 from 1,300-14,000 square feet. The buyer was Hamilton Partners.

“The prime location, just north of Lake St. off I-290, was a key factor for the buyer,” said Tom Seurynck, VP of Asset Management & Acquisitions, Clear Height Properties. “And industrial demand remains robust for small to mid-sized tenants, so this property offers a very strong current cash flow while simultaneously providing future optionality due to the location.”

The sale of 747 Church is the first for the joint venture, which now includes 18 assets and approximately 1.3 million square feet.