NORTHBROOK, lll., June 27, 2018 /PRNewswire/ -- Hilco Real Estate,
LLC announces the sale of a portfolio of 16 surplus bank branches,
office buildings, and development land parcels on behalf of First
Midwest Bank.
The assets included in this sale are located throughout the
Chicagoland and Northwest Indiana
areas. Highlights include a premier, three-story office building
totaling 24,000 SF, ideally set in the O'Hare submarket in
River Grove, IL.; a 5,300 SF
former bank branch across from a Jewel-anchored shopping center in
Orland Park; and a sizable 4.85 AC
development site near the heart of downtown Crystal lake, just one
block south of the Metra station. A comprehensive list of the 16
assets within this portfolio, including detailed property
descriptions and due diligence information, is available for
viewing and download from Hilco's website
www.HilcoRealEstate.com.
The deadline for submitting initial offers is scheduled for
August 15th, 2018 by
5:00 pm Central Time, delivered to
the offices of Hilco Real Estate, 5 Revere Drive, Suite 320,
Northbrook, IL 60062, Attention:
Steve Madura or via email to
smadura@hilcoglobal.com. All interested parties are invited to
submit their highest and best offers on or before this date. Buyers
should note all former bank branch locations include a restriction
prohibiting future use as a bank or competing financial institution
for one year following the day of closing.
Commenting on the portfolio of properties being sold,
Jeff Azuse, Senior Vice President of
Hilco Real Estate, said, "Over the past few years, Hilco has
assisted First Midwest Bank and other local and regional banks
streamline their real estate portfolios. The assets within
this portfolio represent a prime acquisition opportunity for the
savvy buyer. Many of these sites are well-located within busy
commercial districts boasting strong demographics. As such, we
anticipate this sale to attract active interest from a broad
spectrum of business owners, developers, investors and
end-users."
For more information about bid qualifications, terms of sale,
further details about the properties available, or an explanation
of the auction process, please visit Hilco's real estate website
www.HilcoRealEstate.com or contact a member of our transactional
team at 855-755-2300.
About Hilco Real Estate, LLC: Hilco Real Estate,
LLC ("HRE"), a Hilco Global company, is headquartered in
Northbrook, Illinois
(USA). HRE is a national provider of strategic real estate
disposition services. Acting as an agent or principal, HRE uses its
experience to advise and execute strategies to assist clients in
deriving the maximum value from their real estate assets. By
leveraging multi-faceted sales strategies and techniques, extensive
repositioning and restructuring experience, a vast and motivated
network of buyers and sellers, and substantial access to capital,
HRE consistently exceeds expectations.
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SOURCE Hilco Real Estate, LLC