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Lee & Associates closes two Orland Park CRE transactions
The deals include a 10,892-square-foot office building on a 1.45-acre site with 61 parking spaces, plus a 13.3-acre retail land parcel slated for mixed-use planning.
Connect Commercial Real Estate reports that Lee & Associates has closed two off-market transactions in Orland Park, Illinois. In the first deal, Carole Caveney, a senior vice president in Lee & Associates’ Illinois office, represented the seller, Marquette Bank, on the disposition of a 10,892-square-foot one-story office building at 15959 S. 108th Avenue.
The buyer in that transaction was a private investor represented by John Arends of Colliers. The building sits on a 1.45-acre lot with 61 parking spaces, according to the deal details provided by Connect CRE.
In the second transaction, Caveney also represented the buyer, Vision Land, LLC, on the purchase of a 13.3-acre retail land site at the southwest corner of 183rd Street and LaGrange Road. The buyer is updating the survey and undertaking early planning for a mixed-use commercial pad site.
Chris Condon of John Greene Commercial represented the seller, Synergy Property Holdings, for the land purchase, as described in the report.