Cawley Commercial Real Estate proudly announces the completion of a significant real estate transaction involving the sale of a 12-parcel assemblage spanning 14.20 acres on Marino Court in Itasca, IL. The meticulous execution of this deal, spanning 27 months, was orchestrated by Andrew Maletich, SIOR, showcasing his expertise and dedication to overcoming complex challenges in the real estate sector.
The Marino Court site had long been a coveted location for developers over the past decade, with multiple unsuccessful attempts to secure the parcels. Andrew Maletich, SIOR, navigated this intricate landscape successfully, managing to secure contracts for all the parcels, overseeing the annexation and rezoning of the site into the Village of Itasca, and ultimately closing the deal and selling it to a large Data Center company.
Maletich commented on the challenges faced during the transaction, stating;
“This was a very challenging deal. The sellers were hypersensitive to selling due to the many previous developers who attempted to purchase this site, making things more difficult. I’m extremely pleased we could alleviate all of the sellers’ concerns and get all the properties under contract and eventually closed.”
This accomplishment marks the second large-scale assemblage completed by Andrew Maletich, SIOR, in the O’Hare submarket over the past three years, further establishing his reputation as a prominent figure in real estate transactions within the region.
Cawley Commercial Real Estate expresses gratitude to all parties involved and looks forward to continued success in serving the real estate needs of its clients.
SEEN IN: Chicago Business Journal, Data Center Dynamics, REBusinessOnline, REjournals