Imperial Realty's Klairmonts Inducted Into Chicago Realtors Hall of Fame

Congratulations to Imperial Realty’s father-and-son team of Larry and Alfred Klairmont, who were inducted into the Chicago Association of Realtors’ Hall of Fame. Larry Klairmont (center), a winner of two Purple Hearts, two Silver Stars and a Bronze Star for his service in World War II, began his real estate career in 1956. Alfred (right) joined him after graduating from the University of Illinois.

The Imperial story started when Larry bought two industrial buildings for his successful dry cleaning business, Imperial Cleaners. With 100 locations, it was the largest dry cleaning franchise in Chicago. Larry sold Imperial Cleaners in 1962, and bought and redeveloped his first investment property at 636 Central Ave in Highland Park.

That purchase gave 10-year-old Al a taste for real estate, and he joined his father in the business in 1978, after graduating from U of I with a BA in economics and real estate. Al is the educational chairman of the Harold E. Eisenberg Foundation in Northbrook, which offers 13 real estate programs unavailable elsewhere.

Together, the two built Imperial into Chicago's fourth-largest office space manager and 11th-largest property manager. The Klairmonts have acquired and redeveloped 150 commercial properties, and Imperial currently manages 3,000 tenants in over 10M SF of commercial space.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

Hynes Vows To Bring Property Tax Stability As New Cook County Assessor

Donalds Makes History With Win For Florida Governor, Voters OK Property Tax Amendment

Developer Picks Up Industrial Site, Plots 1.3M SF Development: The Chicago Deal Sheet

Gaming & Leisure Stays Bullish On Bally's Casino Project Despite Delays

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ