A joint venture partnership between Oak Brook-based real estate investor Clear Height Properties (Clear Height) and Harbert US Real Estate (HUSRE), an investment strategy sponsored by Harbert Management Corporation (HMC), has acquired an industrial property at 700‒750 Chestnut Ave. in Park City, Illinois.
Situated between Lake Bluff and Waukegan, and only a mile from the new American Place Casino, the property includes two buildings totaling 103,686 square feet on over eight acres of usable land. Both buildings are leased by Reyes Coca-Cola Bottling. In addition to the two buildings, the property includes gated outside parking/storage for semi-truck cabs and semi-truck trailers as well as fleet delivery vehicles.
Paige Gunn represented Clear Height in the acquisition. CBRE has been retained to lease the property, led by Executive Vice President Jason Lev, Senior Vice President John Suerth, and Vice President Jimmy Kowalczyk.
