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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  May 16, 2018
Paul Bubny
By: Paul Bubny

Colliers Reps Buyer of Metro Chicago Industrial Portfolio

A Colliers International | Chicago team of Patrick Turner, Tom Rodeno and Matthew Stauber represented Clear Height Properties in its purchase of a five-building, 666,079-square-foot industrial portfolio in metro Chicago from American Landmark Properties. Financial terms were not disclosed.

The portfolio included 550 and 600 North Commons in Aurora, IL; 710-854 Foster Ave. (pictured) in Bensenville, IL; 1400-1538 Elmhurst Rd. in Elk Grove Village, IL; 3456 Ridge Ave. in Arlington Heights, IL; and 8220 Austin Ave. in Morton Grove, IL.

“These properties were an ideal fit with Clear Height Properties’ existing portfolio, and offered our client an opportunity to acquire a critical mass of solid assets in core markets,” said Turner. The portfolio is 85% leased. Clear Height’s Daniel Huml said his company plans to pursue capital improvement opportunities to lease up the vacant spaces.


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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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