RealtyMogul.com has closed a $1 million equity investment on a flex-industrial property of more than 100,000 square feet in Glendale Heights, Illinois.
The property is 85 percent occupied and was acquired below replacement cost.
The sponsor, Clear Height Properties, sees this investment as an opportunity to capitalize on an under-managed asset in the Greater Chicagoland market.
“We have seen a lot of activity in Illinois recently, and this deal is another demonstration of investor appetite for exposure to the rich commercial real estate market in the area,” Jilliene Helman, CEO of RealtyMogul.com, said.
