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Adelphia Closes Sales of Two Restaurant Properties
Adelphia Properties recently arranged the sales of two freestanding restaurant buildings in the Chicago suburbs. The first sale disposed of a 5,000-square-foot Elmhurst, IL property that was formerly known as the Elmhurst Family Restaurant, a staple in the community for more than 30 years.
Terms of the transaction weren’t disclosed. The building is situated on a Once-acre lot on a heavily traveled commercial corridor located at 441 W Lake St. The property was vacant at the time of sale.
George Spirrison and Simeon Spirrison of Adelphia represented the seller, a local private user/ investor. A local Chicago-based private user/investor purchased the property.
The Spirrisons also arranged the sale of a 4,500-square-foot vacant freestanding restaurant building in Crystal Lake, IL. The listing generated multiple offers. Other details of the transaction weren’t disclosed.
- ◦Sale/Acquisition
