Clear Height Properties/Walker & Dunlop Investment Partners Joint Venture Acquire Industrial Service Facility (“ISF”) in DuPage County
A joint venture partnership between Oak Brook-Illinois-based real estate investor Clear Height Properties (“Clear Height”) and Denver-Colorado-based Walker & Dunlop Investment Partners (“WDIP”) has purchased a vacant ISF located at 1845 Western Drive in West Chicago, Illinois.
This unique property includes a 2.5 acre secured concrete yard with an 11,000 SF, five-bay maintenance building. There is a separate building on the property ideal for office, will-call, dispatch and/or showroom.
Ryan Klink of Cushman & Wakefield represented Clear Height in the purchase transaction and has been retained, along with Michael Magliano, to market the property for lease.
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 190 assets totaling over $830M 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 Walker & Dunlop Investment Partners
Walker & Dunlop Investment Partners (“WDIP”) is a real estate private equity firm which manages capital on behalf of endowments, foundations, pension plans, private funds, insurance companies, family offices and high net worth individuals. WDIP invests debt and equity capital in value-added, opportunistic, distressed, and special situation transactions through a series of private funds, joint ventures and separately managed accounts.