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Lee & Associates Negotiates $6.5M Sale of Multifamily Development Site in South Elgin, Illinois
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Lee & Associates Negotiates $6.5M Sale of Multifamily Development Site in South Elgin, Illinois
SOUTH ELGIN, ILL. — Lee & Associates of Illinois has negotiated the $6.5 million sale of 84.4 acres of residential land at 325 Umbdenstock Road in South Elgin. John Cassidy, Jay Farnam and Ken Franzese of Lee & Associates represented the seller, Spohr Family Trust. The buyer, Lennar/CalAtlantic Group LLC, was self-represented. The site was previously marketed for an industrial use for more than a decade, according to Farnam. Lee & Associates sec…
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