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Clear Height, Harbert JV on Hillside Industrial Deal
A joint venture partnership between Oak Brook, IL-based Clear Height Properties and Harbert US Real Estate has purchased a 102,000-square-foot industrial building located at 200-220 Fencl in Hillside IL. Deal terms weren’t disclosed.
The property sits on a 4.24-acre corner lot minutes from I-290, I-294, and I-88 and features 6B tax status, over 120 parking spaces, and 6 docks with levelers. Brian Colson and Brian Pomorski of Avison Young represented the JV. Denise Chaimovitz of DarwinPW Realty represented the seller.
The building is currently less than 50% occupied and provides flexible small-bay industrial spaces suitable for users looking for a strategic middle point between Downtown Chicago and the western suburbs.
“The prime location, 6B status, extensive parking/outside storage, and overall functionality made Fencl an attractive asset to mesh well with the existing portfolio,” said Ryan Maher, Clear Height’s director of acquisitions.
- ◦Sale/Acquisition
