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HFF announces $21M financing for 5-property industrial portfolio in the Chicago MSA

06/06/2018

CHICAGO, IL – June 6, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $21 million acquisition financing for a five-property industrial portfolio totaling 665,903 square feet in the Chicago MSA.

The HFF team worked on behalf of the borrower, Clear Height Properties, to place the acquisition financing with Wintrust Bank. 

The portfolio assets are in the Chicago MSA and are located within close proximity to major Interstate highways.  The portfolio comprises 550-600 North Commons in Aurora, 710-854 Foster Avenue in Bensenville, 1400-1538 Elmhurst Road in Elk Grove Village, 3456 North Ridge Avenue in Arlington Heights and 8220 North Austin Avenue in Morton Grove. 

The HFF debt placement team representing the borrower included managing director Christopher Carroll and senior director Jason Bond.

About Clear Height Properties
Clear Height Properties is a real estate investment and management company headquartered in Chicago.  With a vision to be the best in the markets they serve, Clear Height creates value for its clients by acquiring and developing properties in the most desirable locations.

About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.  HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).  For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

Source

HFF

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