PRESS ROOMNEWS RELEASE

Inland Real Estate Commercial Brokerage, Inc. Markets Commercial and Residential Development Site in Hanover Park

Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) is pleased to announce it has been selected as the exclusive agent to represent a 5.7-acre mixed commercial and residential development site in Hanover Park, Illinois.

Inland Commercial Brokerage Senior Vice Presidents Paul Montes and Eric Spiess will direct marketing and sales for the prominent site, ideally situated along Irving Park Road at Olde Salem Road in the leafy suburban community located 35 miles west of Chicago.

“This is an exciting project in a phenomenal location,” said Spiess. “The property offers more than 800 feet of frontage along a major traffic way, the land is shovel-ready, and there is flexibility with both commercial and residential use options.”

Formerly the site of a Menards home improvement store, the current owner razed the building, cleared the site and collaborated with the Hanover Park Village Board to secure $6.3 million in tax increment financing (“TIF”).

“Our client has completed the heavy lifting with respect to receiving all zoning and entitlements to construct 155 apartment units, which will complement the adjacent newly built townhome community, and two acres are available for commercial development,” added Montes.

Nearby amenities include a Walmart Supercenter, Jewel-Osco, Menards, Woodfield Mall, numerous casual restaurant options including Starbucks, the Ned Brown Forest Preserve (also known as Busse Woods) and nearby expressway access to Interstates 290, 90 and Route 53.

For more information on this development site, please contact Paul Montes at 630-954-4446 or by email at montes@inlandgroup.com and Eric Spiess at 630-990-8658 or by email at spiess@inlandgroup.com.

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About Inland Real Estate Commercial Brokerage, Inc.
Inland Real Estate Commercial Brokerage, Inc. (“IRECB”) is a boutique brokerage firm providing real estate solutions for sales and exchanges for private, public and institutional owners/managers of commercial investment real estate. IRECB is part of The Inland Real Estate Group of Companies, Inc. (“Inland”), one of the nation’s largest commercial real estate and finance groups, which is comprised of a group of independent legal entities some of which may be affiliates, share some common ownership or have been sponsored and managed such entities or subsidiaries thereof. Throughout Inland’s history, its various brokerage entities have closed on more than $1.3 billion including 8,700 multifamily apartments and 140 million square feet of commercial real estate. For more information about IRECB, please visit www.inlandbrokerage.com.