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DOWNERS GROVE, IL—Adelphia Properties has arranged the sale of a newly constructed, two-tenant retail building located at 1201 Ogden Ave. in Downers Grove, IL. The property, a 5,305 square-foot retail building, sold for $4.1 million and is occupied by BMO Harris Bank and Chipotle Mexican Grill. As reported in GlobeSt.com, demand for such properties, especially ones occupied by banks, have been in high demand. Adelphia Properties’ Simeon Spirrison and George Spirrison represented the buyer in the transaction.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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