Avison Young Completes Industrial Portfolio Sale for Clear Height
Avison Young has completed the sale of an infill industrial, multi-tenant 450,034-square-foot portfolio consisting of seven buildings across the O’Hare, North Chicago, North Cook and Central DuPage submarkets.
The firm’s Erik Foster and Mike Wilson, principals based in Avison Young’s Chicago office and members of the national industrial capital markets practice, along with Adam Haefner, principal of industrial brokerage, represented the seller, Clear Height Properties. The buyer was J&L Real Properties.
“The portfolio is well diversified with tenants which provide the investor stable cashflow for the future,” said Foster.
Added Wilson, “Each of the businesses sit in strong industrial submarkets which have sustained positive leasing activity and were 94% leased at the time of the sale.”
The properties are strategically located in four submarkets offering access to deep labor pools, educated and skilled workforces, transportation systems, and growing populations.
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. 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 15-20 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).