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Clear Height JV Trades Oak Brook Offices to Helios
Clear Height Properties and its joint venture partner Buligo Capital Partners have sold 814 Commerce, a three-story, 173,017-square-foot office building in Oak Brook, to Chicago-based Helios Properties. The partnership acquired the building in late 2019 and spent $1.5 million on capital improvements to upgrade and modernize the property.
“Our investment thesis, to acquire a well-located asset like 814 Commerce, give it the attention required to better position it for the marketplace, and then conduct an aggressive lease program, remains incredibly viable,” said Gary Rose, president and COO of Clear Height Properties. “Helios recognizes and embraces that strategy and is now in a position to create additional value for the property.”
A Cushman & Wakefield Capital Markets team including managing director Dan Deuter, executive managing director Michael Simpson and vice chairman Paul Lundstedt represented the sellers.
- ◦Sale/Acquisition
