Clear Height Properties and HMC Announce Sale of Triangle Corporate Center in Elk Grove Village, Illinois

Clear Height Properties and its joint venture partner Harbert Management Corporation announced the disposition of Triangle Corporate Center, a multi-tenant flex industrial property located at 1400 Elmhurst Road in Elk Grove Village, Illinois.

Located less than one mile from Interstate 90 and minutes from O'Hare International Airport, the property provides a mix of office and warehouse configurations, private dock loading, fiber connectivity, and immediate access to one of the Midwest's most established industrial corridors.

Clear Height implemented leasing and operational improvements during ownership, stabilizing the property and enhancing its long-term positioning within the O'Hare submarket.

"Triangle Corporate Center represents our strategy of acquiring well-located infill flex industrial assets and executing hands-on management to maximize performance," said Kevin Bufalino, Managing Director of Asset Management at Clear Height Properties. "Demand in the O'Hare industrial corridor remains durable, particularly for functional multi-tenant product serving local and regional businesses."

About Clear Height Properties

Piloted by an experienced leadership team, Clear Height Properties has built a strong platform for acquiring and operating industrial real estate in the most desirable locations throughout the central United States. From its headquarters in Oak Brook, Illinois, the firm has bought and sold 213 assets totaling nearly $1 Billion over the past fifteen years, establishing a record of strong risk-adjusted returns. Driven by its core values and mission of "building wealth and creating legacies," Clear Height is uniquely positioned to invest in, manage and add value to every asset and relationship. Learn more at www.clearheight.com.

About Harbert Management Corporation

HMC is a privately owned alternative asset management firm formed in 1993 to sponsor alternative asset investment funds. HMC has approximately $8 billion in Regulatory Assets Under Management. HMC serves a variety of institutional investors across multiple asset classes. Investment strategies include European and U.S. real estate, seniors housing, growth capital, credit solutions, infrastructure, and absolute return funds. Learn more at https://www.harbert.net.