OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Brokerage & Consulting, Inc. (“Inland Brokerage & Consulting”) announced today the successful sale and closing of five individual properties, with a combined total of approximately 50 acres, on behalf of the Roman Catholic Diocese of Joliet. The properties, part of a 30-property portfolio, include the former Roman Catholic Chancery & Tribunal complex in Joliet, and land parcels in the surrounding suburbs of Frankfort, University Park, Channahon and Romeoville.
Eric Spiess, vice president, Paul Montes, vice president, and Paul Rogers, president of Inland Brokerage & Consulting, represented the Diocese of Joliet in the five transactions.
“We have closed a significant portion of the 30-property portfolio and several other parcels are currently under contract,” said Spiess. “We hope to close the remaining properties so the Diocese can turn unused real estate into usable capital to further their mission.”
Proposed developments for the parcels include separate retail, single-family residential and assisted living uses.
“Developers and investors are acquiring quality development sites at pre-Recession levels,” said Rogers. “Buyers are more bullish than ever it seems.”
About Inland Real Estate Brokerage & Consulting, Inc.
Inland Real Estate Brokerage & Consulting, Inc. is a boutique brokerage and consulting firm providing real estate services and solutions with sales/leasing, exchanges, appraisal and advisory services for private, public and institutional owners and managers of commercial and investment real estate. For more information, visit www.inlandbrokerage.com.