A joint venture partnership between Oak Brook-based real estate investor Clear Height Properties and Harbert U.S. Real Estate, an investment strategy sponsored by Harbert Management Corporation, has acquired a 131,733 square-foot, four-building industrial portfolio located at 4725 and 4735 W. 135th St. and 13500 and 13530 S. Kenton Ave. in Crestwood, Illinois.
The portfolio is 88% leased to 19 tenants ranging in size from 2,900 to 23,000 square feet.
The brick-masonry buildings, located within the South Cook County Submarket, were developed from 1989 to 1991 and are located one mile south of I-294/127th St. interchange and immediately adjacent to numerous retail amenities. Each building has multiple units and all units have access to an overhead door and a dedicated or shared loading dock with 17- to 18-foot clear height.
Four units are available and range in size from 2,900 square feet to 5,900 square feet.
Walter Murphy of Lee & Associates Commercial Real Estate Services represented the seller.
