Clear Height Recapitalizes 15-Asset Profile in JV with Harbert

Clear Elevation Feature has actually finished a 15-property, $55-million-plus recapitalization via the development of a joint endeavor partnership with Harbert U.S. Realty, a financial investment technique sponsored by Harbert Administration Firm. The transaction marks HMC’s access into Chicago commercial, as well as supplies Clear Elevation with capital towards increasing its profile size in 12 months.

“This is one more crucial landmark in the development and expansion of Clear Elevation Characteristic,” states Gary Rose, Clear Elevation COO COO. “It both validates the beginning principles of the firm and also paves the way for higher opportunity to develop our platform for the benefit of our partners, investors and team participants.”

The 15 properties complete greater than 1,000,000 square feet with greater than 130 tenants. They’re located throughout the Chicago metro location as well as usually are multi-tenant facilities balancing 90% tenancy.

A JLL commercial capital markets group of John Huguenard, Robin Stolberg and Kurt Sarbaugh completed the transaction.

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Paul Bubny functions as Senior Material Director for Attach Business Actual Estate, a function to which he brings 13-plus years’ experience covering the business actual estate market and 30-plus years in business-to-business journalism.
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Released at Thu, 08 Apr 2021 04:06:14 +0000

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