Clear Height Properties and its investment partner, ICP Funds, announced the disposition of 2055 Army Trail Road, a multi-tenant shallow-bay industrial business park located in Addison, Illinois.
The property was acquired as part of the joint venture’s strategy targeting infill multi-tenant light-industrial assets serving small- and mid-size businesses throughout the Chicago metropolitan area.
Following the acquisition, Clear Height executed a targeted value-creation plan that included leasing initiatives, capital improvements, and active asset management designed to enhance occupancy and tenant retention.
“2055 Army Trail reflects our continued focus on well-located shallow-bay industrial product in supply-constrained submarkets,” said Kevin Bufalino, Managing Director of Asset Management at Clear Height Properties. “By improving operations and positioning the asset for long-term tenancy, we were able to deliver a strong outcome for our investors.”
The Addison submarket continues to benefit from strong tenant demand driven by its central DuPage County location, accessibility to major transportation corridors, and proximity to the broader Chicago industrial distribution network.
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