ACO Commercial Arranges $2.6 Million Bulk Condo Sale in Downtown Oak Lawn
CHICAGO, ILLINOIS – Tuesday, January 20, 2015
ACO Commercial is pleased to announce the sale of the remaining developer inventory within the Prairie Town Center in Oak Lawn, Illinois. Master planned in 2004, Prairie Town Center is widely acclaimed as a premier, suburban transit-oriented development. Steps from the Metra station, the development includes high quality condominium units, retail, a parking structure and a children’s museum.
George J. Toscas, Executive Vice President, arranged the sale on behalf of a regional developer. The deal closed 24 days following contract execution with no financing contingency. The sale represented a price of approximately $145,000 per unit, or 92.9% of the asking price.
ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.