ACO Commercial Sells Fractured Condo Conversion in Lake County for $5.37 Million

ACO Commercial Announces

CHICAGO, ILLINOIS – Friday, June 20, 2014 — ACO Commercial is pleased to announce the sale of 89 of 180 condominium units within the Willows of Grayslake condominium property in unincorporated Wildwood, Illinois.

The 89 units were comprised of 63 2-Bedroom and 26 1-Bedroom units contained in eight buildings constructed between 1968 and 1986.  As a condominium conversion, the Willows of Grayslake was structured with an umbrella master association, and nine separate ownership associations.

George J. Toscas, Executive Vice President and S. Justin Brown, Esq., First Vice President, arranged the sale of the units on behalf of a regional bank.  The sale represented a price of approximately $61,000 per unit, a premium to individual unit sales within the complex.

ACO Commercial specials in the sale of commercial and investment real estate throughout the Midwest.