A joint venture partnership between Clear Height Properties and Chicago-based Blackbird Investment Group has sold 1250-1350 Greenleaf Avenue in Elk Grove Village. The 112,000-square-foot industrial building is fully leased to Brett Anthony Foods.
Michael Caprile, Zach Graham, Jason Lev and Ryan Bain of CBRE represented Clear Height. The building was acquired by an institutional investor. The purchase price was not disclosed.
The sale of the Greenleaf asset is the culmination of a nearly four-year effort to create a facility that would allow Brett Anthony Foods room to grow.
Clear Height’s Project and Development Services team began strategic planning with Brett Anthony Foods in early 2018. In Fall 2019, Clear Height met with officials of Elk Grove Village to discuss 6b tax eligibility. The Clear Height/Blackbird team acquired the adjacent property (1250 Greenleaf Ave.) in January 2021 through a sale/leaseback, secured 6b tax status, and assembled a diverse team of real estate and construction-related service firms to execute the initiative.
DSI Group, Michael Weber Architects, Cartland Kraus, and Cage Engineering merged the two buildings via a 10,00-square-foot addition and completed improvements to the facade, main entrance, parking lot, lighting, landscaping, and office.
