**Clear Height Properties JV Acquires Minnesota Industrial Complex**
A joint venture between Oak Brook-based real estate investor Clear Height Properties and Houston-based ICP Funds has acquired the industrial property located at 2890-2920 Centre Point Drive in Roseville, Minnesota.
The 101,850-square-foot, multi-tenant light industrial complex is situated in the North Central submarket, less than one mile from the intersection of I-35W and 29th Avenue NE. The property offers convenient access to major transportation routes including Interstate 35W, Highway 280, and Highway 36, and is located less than 10 miles from downtown Minneapolis in a prime Roseville infill location. The surrounding area features a variety of retail, hospitality, and dining amenities.
Clear Height Properties was represented in the transaction by Sam Maguire, Mitch Kall, and David Wiegratz of Modern Commercial Real Estate. The seller was represented by Christopher Santana of ISA Commercial Real Estate.
Clear Height has been active in real estate investment over the past 15 years, acquiring and selling 213 assets totaling nearly $1 billion. ICP Funds is an evergreen private equity real estate fund with investments in 18 cities across the United States.
