Clear Height Properties, a real estate investment, management and services firm based in Chicago, has completed an office lease at 150 N. Wacker Drive in Chicago’s West Loop. The company is relocating from space in River North.
“With the continued growth and expansion of Clear Height Properties, in terms of assets under management and the people required to effectively operate the organization, we ran out of space in River North,” said Joe Sergi, a partner and COO of Clear Height Properties. “This new location provides an ideal platform for us to further build on the success we have achieved to date.”
The 31-story building features 360-degree panoramic views of the city and Chicago River. With 8,000-square-foot floor plates, the building totals approximately 246,600 square feet and provides tenants with significant identity on each floor. The property also features on-site valet, tenant conference centers and break rooms, an outdoor riverdeck and manned security. The new space provides Clear Height employees with easy access to commuter transportation options and various restaurants and other amenities.
Over the last 12 months, Clear Height acquired 12 properties totaling over 1.2 million square feet and valued in excess of $70 million. With this growth, the firm has doubled in size in the last year, with numerous hirings that includine Jason Pammler as managing director of project and development services, Gary Rose as managing director of asset management and acquisitions and the addition of new staff members in accounting, property management and administrative functions.
