WESTERN SPRINGS, IL-A venture of Stage Equity Partners LLC based in Chicago has acquired a property at 4700 Commonwealth Avenue in Western Springs for $1.6 million through a short sale. The 4.3-acre property, which includes an 18,000-square-foot building, will be used for medical office project.
Stage Equity plans to expand the existing structure to a 24,000-square-foot building. In addition, it has plans to construct a 6,000-square-foot building on the site. NAI Hiffman negotiated the deal on behalf of the venture.For the full story, go to Crain's Chicago Business.
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