Dan Hiffman represents Bluestone Single Tenant Properties in 4-acre land acquisition & Burger King in outlot purchase
LOMBARD, IL & SALEM, IN (December 13, 2016) – Dan Hiffman with NAI Hiffman’s Retail Services group represented Bluestone Single Tenant Properties in assembling and buying 13 parcels of land totaling 4 acres in Lombard, Illinois.
The site, located along the southeast corner of North Avenue and North Columbine Avenue (I-53), represents Bluestone’s 9th property acquisition in Illinois over the past 15 months. Plans for the property are underway to build a 7,223-square-foot gas station and convenience store with 20 gas pumps and 5 diesel pumps. The Village of Lombard’s economic incentive agreement will provide up to $587,000 to offset roadway reconstruction costs to adjacent public streets.
Additionally, in Salem, Indiana, Dan Hiffman represented Burger King in the purchase of an outlot parcel from Cedarwood Development. The land is located in the Super Walmart-anchored development at 1303 East Hackberry Street.
About NAI Hiffman
Comprised of over 150 real estate professionals, NAI Hiffman provides leasing, management and investment sales representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages a 54+ million SF portfolio of over 500 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Hiffman is the Chicago-area representative for NAI Global, the world’s largest managed network of real estate service providers, has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. For more information, please visit www.nainaihiffmandev.wpengine.com.
Mentioned in RE Journals