Chicago & Midwest + Greater Chicagoland + Retail | February 25, 2021

Arlington Racecourse Comes to Market as Development Opportunity

A contiguous 326-acre redevelopment opportunity is coming to market at the current home of Arlington International Racecourse in Arlington Heights, IL. The infill site has the capacity to support a wide range of uses.

CBRE’s Tony Gange and Matt Ishikawa are marketing the opportunity on behalf of Churchill Downs Incorporated. The property can be taken in full but may also present the option to subdivide.

“Arlington International Racecourse’s ideal location paired with an abundance of nearby amenities means there is virtually no limit to the possibilities this site presents to developers and investors,” said Ishikawa. “An infill site of this size with such strong market fundamentals represents a once-in-a-generation chance to bring a large-scale vision to life.”

Arlington International Racecourse has been one of the most renowned racetracks in the world with a 93-year history of thoroughbred horse racing. The property provides direct access to transit and easy highway access.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).