jameson in the news

December 6, 2007

Jameson Realty Group:
JAMESON COMMERCIAL CLOSES SALE OF THREE CHICAGO-AREA WALGREENS

CHICAGO-Jameson Realty Group announced that Esther Y. Berman, vice president of Jameson Realty's Commercial Division, completed the sale of three free-standing Walgreens in the Chicago area. The properties sold for a total of $18 million.

In the first transaction Berman represented the buyer, a private investor, on the purchase of 2924 E. 92nd St. on Chicago's South Side. Preferred Properties was the seller represented by Peter Giadla.

Evanda L.P., a 1031 tax-deferred exchange purchaser, represented by Berman, bought the remaining two newly built properties located in northwest suburban Elgin and southwest suburban Yorkville.

The seller for the Elgin property, located at northwest corner of Villa and Liberty streets, Villa & Liberty LLC, was represented by Robert Miller, president of Millco Investments. Jeff Stahl of Stahl, Cowen & Crowley, LLC, was the attorney for the seller, and Audrey Selin of Neal, Gerber and Eisenberg, LLP was the attorney for the purchaser.

Interra-Vision Development, LLC, was the seller in the Yorkville location located at the northwest corner of Illinois 47 and Illinois 71. Glen Garfinkel of Levick, Tim & Garfinkel, LLC, was the attorney for the seller, and Audrey Selin of Neal, Gerber and Eisenberg, LLP, was the attorney for the purchaser.

Jameson Realty Group, a full-service real estate organization, is owned by Charles and Harry Huzenis. The brothers started Jameson in 1981 and have grown the company to over 100 commercial and residential agents plus more than 20 employees. Jameson has unparalleled experience in developer representation and has marketed more than $1 billion in multi-family residential projects since 1991.

In addition to its residential and brokerage divisions, Jameson Development has acted as a principal in over $500 million of multi-family development projects including condominium conversions and high-rise construction.

Jameson's commercial real estate division posted sales and leasing transactions valued at more than $100-million in 2006. For more information on commercial property, please call Esther Y. Berman for Jameson Realty Group at 312-751-0300, or log on to the Jameson website at www.jameson.com.

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