Clear Height Properties completed seven new and 11 renewal leases in Q4 2022 totaling 75,000 square feet and completed 103 leases totaling 500,000 square feet for 2022.
“We saw a flurry of new tenant activity to close out the year which will continue into 2023 and leaves us feeling optimistic to begin the new year,” said Clear Height Director of Leasing Max Hoye. “There are numerous tenants in the marketplace today searching for their ideal locations with a focus on size, loading, and power requirements. With our recent acquisitions we can offer functional, professionally managed real estate solutions for the majority of businesses in the Chicagoland area.”
Significant transactions in Q4 2022 included:
- 550-600 N. Commons Drive, Aurora, IL
An 18,000-square-foot extension was completed with Crawford, Murphy, Tilly, Inc., an engineering and consulting firm established in 1946. Crawford, Murphy, Tilly, Inc. was represented by Jon Springer and Gary Fazzio with CBRE.
- 1550 W. Fullerton Ave., Addison, IL
The Design Agency, a global leader in the design, fabrication, and management of exhibits, event, and environments, signed a new, 16,000-square-foot lease in Addison, moving their headquarters from Itasca. Larry Much with NAI Hiffman represented The Design Agency and Justin Lerner, Joe Karmin, and Ross Lehrman represented Clear Height.
- 3131 MacArthur Blvd., Northbrook, IL
Whale Supply signed a new 7,000-square-foot lease in Northbrook. Whale Supply is an industrial parts distributor. Matt Cowie with CBRE represented Whale Supply and Peter Balyeat with Korman Lederer represented Clear Height.
