Chicago & Midwest + Greater Chicagoland + Industrial | February 13, 2019

Clear Height Picks Up Value-Add Carol Stream Asset

Making its first acquisition of 2019, Clear Height Properties has picked up a two-building property at 130-150 East St. Charles Rd. in Carol Stream, IL. Pricing on the value-add investment opportunity acquired at auction from RealInsight Marketplace wasn’t disclosed.

Built in 1987 and renovated in 2005, the two buildings total 64,285 square feet of space. Combined, they’re approximately 22% leased; available spaces range from 2,500 to 14,756 square feet.

“This property is well-located in the prime Carol Stream/DuPage County industrial market, and represents a prime value add investment opportunity for Clear Height,” said the company’s Gary Rose. “We’ll invest in some minor capital improvements to the property and aggressively market the space to small- to mid-size users in DuPage County that are looking for a central location with easy access to I-290.”

NAI Hiffman’s Kelly Disser and Michael Freita will serve as the leasing agents for 130-150 East St. Charles.

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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 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).