In addition to a bank, Preferred Development also plans to buildcommercial space.
Preferred Development has built retail space for such companiesas Hollywood Video, Office Max, Pier 1, Staples, Starbucks andWalgreens.
"This property was attractive to the buyer because of its primelocation in a fast-growing area," says Sperry Van Ness/AMLCommercial Real Estate Advisors senior advisor Albert M. Lindeman,noting a location near I-90 and the O'Hare/Elgin Expressway.
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