Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LIBERTYVILLE, IL-The Village of Libertyville has hired Inland Real Estate Brokerage Inc. to sell two land parcels here. The plots are adjoining and total 30 acres of land.

“The property is comprised of two separate sites offering prospective buyers the opportunity to explore a number of development possibilities, including, retail, office, light industrial or a theatre complex,” says Richard Kehoe, SVP of Inland. “Located between two expanding communities and supported by strong demographics, this is one of the most attractive development sites in Lake County.”

The corner parcels will be sold through a sealed-bid auction. Kehoe is the administrator of the auction, which has a bid deadline of November 3, 2009. Colleague Eric Jana is assisting with the sale.

According to Heather Rowe, economic development coordinator for the Village, the bid auction process was chosen over a more traditional listing. “The auction process is designed to create immediate interest,” she says. “Libertyville is highly supportive of investors and developers coming to the area and will aggressively work with them to ensure the success of future projects,” she says.

Kehoe says he is already working for a number of interested parties to develop building concepts that could work for the site. Kehoe believes the parcels will have an added appeal, since they are located just two miles away from a 640-acre, mixed-use project the Alter Group Ltd. is developing, especially since the Lake County area is poised for growth as a result.

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?

Dig Deeper


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.