PRESS ROOMNEWS RELEASE
Inland Real Estate Commercial Brokerage, Inc. Successfully Sells 135 Acres in Plano, IllinoisApril 25, 2018
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced today the estate sale of 135 acres located at Griswold Springs Road in Plano, Illinois for more than $1.4 million. Representing Inland Commercial Brokerage was Senior Vice President Richard Kehoe. The seller was the estate of Ben T. Stevenson.
The buyer was The Conservation Foundation of Naperville, represented by attorney Rachel Robert and Daniel Lobbes, director of land protection. The Conservation Foundation was able to purchase the property thanks to an approximate $650,000 federal land and water conservation fund grant, with the remainder of funding coming from the Illinois Clean Energy Community Foundation, The Conservation Foundation, the Kendall County Forest Foundation and private donors. Upon closing, the title was transferred to the Kendall County Forest Preserve District and the land was renamed The Little Rock Creek Forest Preserve. The Kendall County Forest Preserve District was represented by attorney Timothy McHugh of Elmhurst.
The property consists of high quality woodlands, beautiful rolling terrain and 1.3 miles of Little Rock Creek frontage, a tributary of Little Rock Creek. It’s located less than one mile from shopping and dining on Route 34, which includes a Walmart Supercenter. Additional nearby attractions include the Maramech Forest Preserve, Silver Springs Fish and Wildlife Area, Cedardell Gold Club and the Farnsworth House, designed and constructed by Miles van der Rohe.
“This sale was a complicated transaction, but we are very happy to have helped play a role in the preservation of The Little Rock Creek Forest Preserve, as one of Inland’s core values and passions is a commitment to land conservation,” said Kehoe.
Remaining available for sale and ready for development with an available PUD plan, is approximately 155 acres of tillable farmland running parallel to Griswold Springs Road.
About Inland Real Estate Commercial Brokerage, Inc.
Inland Real Estate Commercial Brokerage, Inc. 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. Throughout Inland’s history, its 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, please visit www.inlandbrokerage.com.