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Clear Height Properties JV Acquires Light Industrial Building in Bensenville
A joint venture partnership between Oak Brook, Illinois-based real estate investor Clear Height Properties and Harbert US Real Estate, an investment strategy sponsored by Harbert Management Corporation, has acquired a long-term leased 15,126-square-foot light industrial building at 500 Industrial Drive in Bensenville, Illinois.
Jacob Friedman of Matthews Real Estate Investment Service was the sole broker in the transaction.
Built in 1981, the single-tenant building is located in O’Hare, Chicago’s premier industrial submarket in DuPage County. Over the past fifteen years, Clear Height has bought and sold more than 200 assets totaling approximately $95 million. Harbert Management Corporation is an alternative asset manager with approximately $8.1 billion in regulatory assets under management.
