The land, near LaGrange Road as well as I-80, is earmarked for retail use by Mokena's comprehensive plan. "We also feel that the bar has now been raised for land prices in Mokena and along the I-80 Corridor as that area continues to develop," says Champion Realty Advisors, LLC managing principal J.D. Salazar, who represented Herbert H. Kohl Living Trust along with associate Austen Alexa. Charles Poulakis of Realty Executives Ambassador represented Georgiou.
Although it was bought by an office and industrial developer, a 148-acre site at 191st Street and 88th Avenue, with frontage along Interstate 80, commanded less $53,000 an acre, or 30% of what Herbert H. Kohl Living Trust received from Georgiou. TCB Development Corp., which built the nearby Mokena Crossings, bought the 148 acres from William Wrigley Jr. Co., which had considered the site for its global innovation center. Instead, that $84-million facility was built on Goose Island.
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