PRESS ROOMNEWS RELEASE

Inland National Development Company Nears Completion of Green Oaks Development

Oak Brook, Ill. – Inland National Development Company, LLC (“INDC”) is pleased to announce it has completed approximately 70 percent of a mixed-use development located on 33 acres at 14100 West Rockland Road in Green Oaks, Illinois, approximately 30 miles north of O’Hare International Airport.

INDC, the master developer, participated in a public-private partnership with the Village of Green Oaks to develop the 33 acres of vacant land. Together, they re-zoned the land for mixed-use development and completed site grading, installation of utilities, sanitary sewers, water mains, storm water drainage, management systems, road improvements, extensions and landscaping including a storm water detention pond.

“We are thrilled to have worked with the Village of Green Oaks on this mixed-use development,” said Anthony Casaccio, president and CEO of INDC. “When completed, the project will include a 35,000-square-foot retail, trucks, sales and service dealership operated by CIT Trucks, LLC; a 160,000-square-foot light industrial/office warehouse developed by the Panattoni Development Company; a gas station convenience store; a restaurant and some small-scale retail shops.”

The first businesses are projected to open for business in January of 2020.

“This development is ideally situated off Interstate 94 and Rockland Road, where more than 150,000 cars per day travel,” said Green Oaks Mayor Bernard Wysocki. “This commercial development will bring several hundred new jobs to our community and increased sales and property tax dollars to further benefit our schools, roads and much more.”

Village Attorney Rudolph Magna added, “The Village’s Tax Increment Financing District was the catalyst for assisting Inland to take a fallow, vacant  and underserved tract of property and transform it into a modern business park which will produce new jobs and a reliable stream of tax revenue for the community.”

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About Inland National Development Company, LLC
Inland National Development Company, LLC (INDC) is a developer of residential, multifamily, hospitality, retail and senior housing properties. INDC is part of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups, which is comprised of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof. Inland has been creating, developing and supporting real estate-related companies for more than 50 years. For more information, visit www.inlandgroup.com/indc.