Advertise, Promote, Attend, Create – Work with Connect.
A full service marketing and PR agency.
Meet the team behind the machine and taste a little of the secret sauce.

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Greater Chicagoland  + Industrial  | 
A joint venture of Clear Height Properties and Buligo Capital Partners acquired a 265,000 square-foot, five-building light industrial portfolio located in Hoffman Estates, Schaumburg, Aurora, and Bloomingdale, IL.

Clear Height JV Acquires Light Industrial Portfolio 

A joint venture partnership between Oak Brook, IL-based Clear Height Properties and Buligo Capital Partners has acquired a 265,000 square-foot, five-building light industrial portfolio located in Hoffman Estates, Schaumburg, Aurora, and Bloomingdale, IL. The seller was Chicago-based investor Green Door Capital. 

Deal terms weren’t disclosed. The portfolio is 100% leased to four tenants with more than seven years of weighted average lease term remaining. 

“Our investors will benefit from strong initial cash yields and future upside through the continued long-term tenancy and appreciation of this portfolio,” said Gary Rose, Clear Height’s COO and president. 

Clear Height and Buligo plan to add additional value to the properties through an extensive capital improvement program, which will commence immediately. 

JLL senior director, capital markets Kurt Sarbaugh and industrial platform leader John Huguenard represented the seller. JLL’s Capital Markets team of managing director Christopher Carroll and director Lucas Borges led the financing efforts. 

Connect

Inside The Story

Clear HeightJLL's Huguenard

About Paul Bubny

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).

  • ◦Sale/Acquisition
  • ◦Financing