Clear Height sells a redeveloped 3-acre IOS site in Morton Grove
The property combines a 33,225-square-foot warehouse with a secured outdoor yard. Clear Height acquired the vacant facility in 2024, demolished an existing structure, built a new parking lot, and renovated the warehouse before returning the asset to the market. The transaction is a useful example…
IOS Market Pulse: August 31-September 3, 2026
🏗️ The Headliner: Morton Grove redevelopment exits
Clear Height sells 6401 Oakton Street after IOS repositioning
The property combines a 33,225-square-foot warehouse with a secured outdoor yard. Clear Height acquired the vacant facility in 2024, demolished an existing structure, built a new parking lot, and renovated the warehouse before returning the asset to the market.
The transaction is a useful example of an IOS strategy built around land scarcity: create a functional yard in an infill submarket where comparable secured outdoor storage is difficult to reproduce.
- Purchase Price: Undisclosed
- Property: 6401 Oakton Street, Morton Grove, Illinois
- Site: 3 acres | 33,225 SF warehouse
- Seller: Clear Height Properties Fund I and Westshore Capital Group
- Buyer Lead: Not yet disclosed
- Seller Lead: Kevin Bufalino, Managing Director of Asset Management, Clear Height Properties
- Broker / Deal Team: Pat Turner and Brendan Green, Colliers International; Chris Volkert, Colliers International, represented the buyer
Infill yard creation remains a credible value-add path
The business plan focused on the site rather than a conventional building upgrade. Converting excess land into a secured yard, while preserving and renovating the warehouse, created a combined IOS product for a single tenant in a supply-constrained North Cook County location.
Practical takeaway: IOS value creation can come from unlocking permitted yard utility on underused industrial land, especially where infill zoning and limited competing supply support durable tenant demand.
Clear Height and Colliers
Kevin Bufalino , Managing Director of Asset Management at Clear Height Properties, was the disclosed seller-side executive. Pat Turner and Brendan Green represented Clear Height, while Chris Volkert represented the buyer, all with Colliers International. The buyer's identity was not disclosed.
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