Upcoming Stories
Chicago & Midwest CRE News In Your Inbox .

Chicago & Midwest   /   February 7, 2020

Paul Bubny
By: Paul Bubny

Clear Height JV Acquires Oak Brook Offices

A joint venture of Clear Height Properties and Buligo Capital Partners acquired an office property at 814 Commerce Dr. in Oak Brook, IL, within in the eastern East West Corridor. Clear Height acquired the 171,933-square-foot office building from Elliott Management for an undisclosed purchase price.

This is the second acquisition made by the Clear Height/Buligo JV. The partners plan a repositioning.

“This was an acquisition that we got very excited about,” said Clear Height’s Gary Rose. “We have engaged Gensler to help us modernize and energize the exterior and common areas of the building, and believe strongly that the final product will draw strong interest from tenants as we lease the remaining vacancy.”

The building was marketed for sale by NAI Hiffman’s Art Burrows, James Adler and Dan O’Neill. Clear Height named NAI Hiffman as marketing and property management representative for the property.

Connect Industrial Midwest is coming to Rosemont, IL on March 4. For more information, or to register, click here.

Inside The Story
About the Author

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author

New call-to-action
New call-to-action
© ConnectCRE 2021 / 3900 San Fernando Road, Suite 1007, Glendale, CA 91204
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release /