Clear Height Properties completed 40 leases totaling 256,000 square feet in Q1 2023.
Hoye attributes Clear Height’s leasing success to a variety of factors, including helping existing tenants solve the puzzle of finding larger units within the firm’s portfolio.
Another reason for success, according to Hoye, is partnering with some of the best brokers in the business. Their efforts on the new leasing front have been exceptional resulting in historically low vacancy rates.
Significant transactions in Q1 2023 included:
Glendale Heights
- Adesta, an Allied Universal Company that specializes in the design and implementation of communications infrastructure and networks, signed a 16,000-square-foot lease. Patrick Elwood with CBRE represented Universal and Jason Shibata and Michael Whetstone with JBS Commercial Real Estate represented Clear Height.
Franklin Park
- Artisan Design Furniture, a furniture distribution and sales company, signed a 26,000-square-foot lease at a recent acquisition. Tony Liu with YOUMU Ventures represented Artisan and Terry Herlihy with NAI Hiffman represented Clear Height.
Addison
- Precision Metal Products, a metal stamping firm that has been in the asset for nearly 30 years, signed a 20,000-square-foot renewal.
- An industrial supplies company in Addison is expanding their operations into an adjacent 16,000-square-foot building. Justin Lerner, Joe Karmin and Ross Lehrman represented the lessee and Brian Silverman with JBS Commercial Real Estate represented Clear Height.
- Wensco, a wholesale stocking sign distributor, signed a 25,000-square-foot renewal. Jake Spinell with Colliers represented Wensco.
- Efficient Documents, an existing Clear Height tenant, will be relocating to a neighboring property and signed a 12,000-square-foot lease. Justin Lerner, Joe Karmin and Ross Lehrman represented Efficient Document Solutions and David Haigh and Nick Feczko with NAI Hiffman represented Clear Height.
