CHICAGO, ILLINOIS – Friday, February 20, 2015
ACO Commercial is pleased to announce the sale of 930 & 950 W. 175th St., a 30,000 SF office complex located in south suburban Homewood, IL. The property consists of two 15,000 SF buildings situated on a 1.77-acre land parcel.
Edward N. Bluemel II, Vice President, arranged the lender-directed transaction. At the time of sale, the property was 70% occupied by a mix of local and regional tenants. ACO quickly identified a user for the receivership property, who closed the transaction on an all-cash, as-is basis within 35 days of contract execution, saving the both the lender and receiver thousands in foreclosure costs.
ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.