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Inland Closes Sale of 5-Acre Parcel in West Suburbs

Inland Real Estate Commercial Brokerage, Inc. completed the sale of a 5.6-acre parcel of land owned by the Roman Catholic Diocese of Joliet Trust (“the Diocese”) in Hanover Park, Illinois.

Located on the southwest corner of Stearns Road and Redford Lane, the site is adjacent to a number of residential communities, elementary schools, recreation areas, and nearby retailers, including Walgreens and Jewel-Osco.

Paul Montes and Eric Spiess, senior vice presidents of Inland Commercial Brokerage, represented the Diocese in the transaction. The sale marked the 16th closing Inland Commercial Brokerage has completed on behalf of the Diocese.

“Successful collaboration between the Village of Hanover Park and the Diocese made this transaction possible,” said Montes. “We have worked with the Diocese on a number of transactions in the last 8 years and look forward to continued success with the remaining 3 properties within this portfolio,” added Speiss.

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About Jasmine Kilman

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.