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Chicago & Midwest  + Greater Chicagoland  + Office  |  July 25, 2018
Paul Bubny
By: Paul Bubny

Clear Height Adds Office/Flex Portfolio in Suburbs

Clear Height Properties has acquired a four-property, 522,000-square-foot suburban portfolio for $30 million.  Transwestern represented the seller, a private investor. The portfolio includes a 201,800-square-foot building at 2625 Butterfield Road in Oak Brook, formerly known as Butterfield Office Plaza, and more than 320,000 square feet of flex properties in Elmhurst, Bensenville and Willowbrook.

“This is an exciting venture, and another demonstration of the growth and evolution of Clear Height,” said Dominic Sergi, CEO, Clear Height Properties. “We’re always looking for the right opportunities in the Chicagoland market, and these well-located assets fit our model perfectly.”

Sergi said the company has an aggressive value-add strategy, including a significant redevelopment and leasing plan that will be launched very shortly. Regarding the three flex properties, Sergi said, “we see great potential in industrial and flex properties that serve the needs of the small to mid-size user.”


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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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