5-property industrial portfolio sold for $21 million
Holliday Fenoglio Fowler announced the $21 million acquisition financing for a five-property industrial portfolio totaling 665,903 square feet in the suburbs.
The HFF team worked on behalf of the borrower, Clear Height Properties, to place the acquisition financing with Wintrust Bank.
The portfolio properties are at 550-600 North Commons in Aurora, 710-854 Foster Avenue in Bensenville, 1400-1538 Elmhurst Road in Elk Grove Village, 3456 N. Ridge Ave. in Arlington Heights and 8220 N. Austin Ave. in Morton Grove.
The HFF debt placement team representing the borrower included managing director Christopher Carroll and senior director Jason Bond.
Clear Height Properties is a real estate investment and management company headquartered in Chicago.
Chicago-based HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.