Clear Height Properties Acquires Industrial Property In Waukegan, Elgin & Algonquin For $34.4M

Clear Height Properties, represented by Dominic Sergi, has acquired an industrial property located at 895 Northpoint Boulevard, 940-972 Northpoint Blvd, 1000-1036 Northpoint Blvd, 953-977 Northpoint Blvd, 1380 Gateway Drive, and 2460-2650 Corporate Parkway. The property is situated in Waukegan, Elgin, and Algonquin. With a total area of 283,400 square feet, the asset offers ample space for industrial operations. The sale price for this transaction was $34,400,000, resulting in a price per square foot of $121.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $34,400,000
• Address: 895 Northpoint Boulevard, 940-972 Northpoint Blvd, 1000-1036 Northpoint Blvd, 953-977 Northpoint Blvd, 1380 Gateway Drive, and 2460-2650 Corporate Parkway
• Market: Waukegan, Elgin, and Algonquin
• Buyer: Clear Height Properties - Dominic Sergi
• Seller: Rothbart Construction Realty - Gary & Michael Rothbart
• Square Footage: 283,400
• Price per Square Foot: $121

The buyer, Clear Height Properties, was represented by Dominic Sergi, while the seller, Rothbart Construction Realty, was represented by Gary and Michael Rothbart. The successful acquisition of this industrial property showcases the expertise and negotiation skills of the involved parties.