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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.
- ◦Sale/Acquisition
