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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  June 7, 2018
Paul Bubny
By: Paul Bubny

HFF Secures Acquisition Financing for Industrial Portfolio

Connect Industrial is coming up on July 11 in Chicago. Here’s a link for more information about the conference and to register.

HFF has arranged $21 million in acquisition financing for a five-property industrial portfolio totaling 665,903 square feet in Greater Chicagoland. HFF’s Christopher Carroll and Jason Bond worked with Clear Height Properties to place the acquisition financing with Wintrust Bank.

All five properties are located within close proximity to major Interstate highways. The portfolio comprises 550-600 North Commons in Aurora, 710-854 Foster Ave. in Bensenville (pictured), 1400-1538 Elmhurst Rd. in Elk Grove Village, 3456 North Ridge Ave. in Arlington Heights and 8220 N. Austin Ave. in Morton Grove.

When Clear Height acquired the properties last month from American Landmark Properties, Clear Height’s Daniel Huml said his company plans to pursue capital improvement opportunities to lease up the vacant spaces. Currently, the portfolio is 85% leased.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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