GLEN ELLYN, IL-Bank of America is likely to take over the control of the Roosevelt Glen Corporate Center, as an Illinois Supreme Court rejected an appeal from the owner. The owner is a trust controlled by entrepreneur, Gershon Bassman.
The low-rise office complex spanning 230,000 square feet is located close to State Route 53 and Roosevelt Road in Glen Ellyn. The seven-building property owes an $11.4 million debt that is into special servicing.For the full story, go to Crain's Chicago Business.
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