Clear Height Properties has completed 31 new and renewal leases totaling 175,538 square feet in Q3 of 2022 and has completed 85 leases totaling 425,000 square feet this year to date.
“We are continuing to see strong new and renewal activity across the portfolio and have not needed to veer from our original business plans,” said Clear Height Properties Director of Leasing Max Hoye. “The economic impacts of interest rate increases are still being filtered through the economy and we will closely monitor how that affects our buildings and tenant base. Clear Height is a nimble operator that understands the Chicago market well and our sound business practices will ensure our ability to serve tenants for years to come.”
Significant transactions in Q3 of 2022 included:
8220 Austin Ave., Morton Grove, IL
- Signed a 45,000-square-foot extension with Dynamic Group, a contract cabinet manufacturer who has seen considerable recent growth. Dynamic Group has invested in a showroom at their location and continues to update their machinery to keep up with customer demands.
- Johnson & Quin expanded their offsite storage facility to 17,500 square feet at the property. Johnson & Quin is a large volume, personalized direct mail company that has been operating in Chicago for 146 years. Sam Badger with CBRE represented Johnson & Quin while Brendan Green and Patrick Turner of Colliers represented Clear Height.
400 Bonnie Lane, Elk Grove Village, IL
- Completed two new leases totaling 5,000 square feet with a construction company and food packaging company. Clear Height was represented by Mason Hezner and Candace Scurto with Brown Commercial Group.
1400 Elmhurst Road, Elk Grove Village, IL
- Completed two renewal leases totaling 6,000 square feet with a regional logistics company and a custom woodworking design firm.
