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Inland Real Estate Commercial Brokerage, Inc. Successfully Sells 135 Acres in Plano, Illinois
April 25, 2018Oak 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.
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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.
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Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for real estate...
Oak Brook, Ill. – Inland Real Estate Income Trust, Inc. (“Inland Income Trust”) announced today the acquisition of the 199,335-square-foot...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of...
Oak Brook, Ill. – The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for real estate...
Inland Securities Corporation Welcomes Sarita Vishakanta as Vice President – Broker Dealer Relations
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisitions of four medical...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for real estate...
Oak Brook, Ill. – Inland Real Estate Brokerage & Consulting, Inc. (“Inland Brokerage & Consulting”) announced today...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of The Radiology...
Oak Brook, Ill. – Inland Real Estate Investment Corporation (“Inland Investments”), one of the nation’s largest sponsors of...