CHICAGO-The Archdiocese of Chicago has three South Side parishes on the sales block, though not necessarily for the highest bidders. A key requirement for the sale of 182,350 sf of surplus property will be an intended use that fits in with the surrounding neighborhood, which in all cases, includes other Roman Catholic parishes within walking distance.

Those parishes also stand to reap the benefit of the sale of the assets.

“It’s not just a dollars and cents decision,” says Staubach Co. senior vice president Martin F. Jablonski, whose company has been hired by the Chicago Archdiocese. “The Archdiocese is ambitious about returning the land to vital, community use.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.