CAROL STREAM -- In its first acquisition of 2019, Clear Height Properties purchased a two-building property at 130-150 East St. Charles Road in Carl Stream.
Terms of the acquisition through auction from RealInsight Marketplace was not disclosed.
The two buildings comprise of a total of 64,285 square feet of space. Combined, the buildings are approximately 22 percent leased; available spaces ranging from 2,500 to 14,756 square feet. Building 130 features 28,442 square feet of space, one exterior dock and two drive-in doors; Building 150 offers 35,843 square feet, two exterior docks and three drive-in doors. The buildings, which sit on 3.82 acres, were built in 1987 and renovated in 2005. The combined property has 157 surface parking spaces.
Kelly Disser and Michael Freita of NAI Hiffman will serve as the leasing agents for the property.
"We'll invest in some minor capital improvements to the property and aggressively market the space to small to md-size users in DuPage County that are looking for a central location with easy access to I-290," said Gary Rose, managing director, asset management & acquisitions, for Chicago-based Clear Height Properties.