130-150 East St. Charles Road, Carol Stream, IL
CAROL STREAM, IL—In its first acquisition of 2019, Clear Height Properties has acquired a two-building property located at 130-150 East St. Charles Road in Carol Stream, IL. According to Real Capital Analytics, a proprietary commercial real estate research database, 150 East St. Charles Road was transferred to JPMorgan from Colony Realty Partners through a foreclosure in August 2018.
The two buildings at 130-150 East St. Charles Road are comprised 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.
“This property is well-located in the prime Carol Stream/DuPage County industrial market and represents a prime value add investment opportunity for Clear Height,” says Gary Rose, managing director, asset management and acquisitions, Clear Height Properties. “We'll invest in some minor capital improvements to the property and aggressively market the space to small to mid-size users in DuPage County that are looking for a central location with easy access to I-290.”
Clear Height says Kelly Disser and Michael Freita of NAI Hiffman will serve as the leasing agents for 130-150 East St. Charles Road.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
