Clear Height Properties / MLG Capital Sell 290,573 Square Foot Industrial Property in Columbus, Ohio
OAK BROOK, IL (December 18, 2024) – A joint venture partnership between Oak Brook-Illinois-based real estate investor Clear Height Properties (“Clear Height”) and Brookfield, Wisconsin-based MLG Capital have sold a 290,573 square foot industrial building located at 1675 Watkins Road, Columbus, Ohio. The property is 100% leased to a long-term single-tenant and is in Columbus’ premier Southeast submarket. The property, known as Watkins Logistics Center, sits on over 9-acres of land, with thirty-four dock-high doors.
Kurt Sarbaugh, Ross Bratcher, Sean Devaney and Ed Halaburt of JLL were the sole brokers in the sale transaction.
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 over $900M over the past ten 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 MLG Capital
MLG Capital is a sponsor of private real estate funds targeting investment from investment advisors, family offices, and accredited individuals. Since its inception in 1987, the firm and associated entities have had active, exited, or pending investments totaling approximately ±47.9 million square feet of total space across the United States, inclusive of more than 41,365 apartment units, with exited and estimated current value exceeding $7.3 billion, as of 9/30/2024. For more information about MLG Capital and its investments, visit the firm’s newsroom.