ACO Commercial Arranges Sale to Chinese American Service League
ACO Commercial’s George Toscas and Linda Hatter arranged the sale of a 5.24-acre land site located at 3000-3052 S. Pitney Court in Bridgeport to the Chinese American Service League, Inc. for $8 million. The duo represented the seller, St. Louis-based SOHO Investments, Inc., in the all-cash transaction.
The Chicago-based nonprofit plans to turn the property into a comprehensive community care campus with affordable senior housing, an adult day center for seniors, a childcare center, and a commercial kitchen for senior meals and culinary training programs.
The community center will also offer sports programs and outdoor garden space along the river, as well as space for meetings, with the goal of drawing residents from the west and south sides of the city. The riverfront property with 558 feet of seawall along the South Branch of the Chicago River was formerly owned by People’s Gas and Coke Co. for more than 100 years.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.