Oak Brook-based Clear Height acquires industrial properties

Posted March 05, 2024 11:26 am

Daily Herald report

Clear Height, based in Oak Brook, has acquired an industrial property in Northbrook. The firm owns and manages a number of properties in town. Courtesy of Clear Height Properties

Oak Brook-based real estate investor Clear Height Properties and Houston-Texas-based ICP Funds have jointly acquired two multi-tenant light industrial buildings totaling 93,059 square feet in Northbrook’s Sky Harbor Industrial Park.

The buildings are located at 720-730 Landwehr Road and 305-311 Era Drive, in Chicago’s infill North Cook County industrial submarket. The portfolio is fully leased, with the Landwehr building being home to two tenants and the Era building home to three tenants.

“We are excited to add these multi-tenant properties to our portfolio due to their exceptional location and immediate proximity to I-294,” said Rick Nevarez, director of acquisitions for Clear Height Properties.

Sean Devaney, Kurt Sarbaugh and John Huguenard of JLL were the sole brokers in the sale transaction.