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Inland Real Estate Advisors Closes on Popular Southwest Suburban Banquet Facility

Oak Brook, Ill. – Inland Real Estate Advisors, Inc. (“Inland Advisors”) announced today the successful sale of Lexington House, a 21,782-square-foot banquet facility located on west 95th Street in Hickory Hills, Ill., for $1,900,000. William Dozier, broker associate, Paul Montes, vice president, and Eric Spiess, vice president, of Inland Advisors, represented the seller, Standard Bank & Trust Co. of Hickory Hills in the sale. “This historic facility has been a landmark of the southwest suburban community and its prime location garnered an influx of interest from national retails to local owner operators,” said Dozier. “The addition of the purchaser to the area is consistent with the new direction of the surrounding retail district.” Located within the Hickory Hills TIF District, a thriving retail trade area with many prominent national and regional retailers, the property consists of a one and part two-story building situated on 168,983-square-feet of land with C-3, General Commercal zoning. The site offers frontage on both 95th Street and 76th Avenue. DriveTime, a national used car dealership, purchased the property and plans to redevelop the site. ### About Inland Real Estate Advisors, Inc. Inland Real Estate Advisors, Inc. is a boutique brokerage and consulting firm providing real estate services and solutions with sales/leasing, exchanges, appraisal and advisory services for private, public and institutional owners and managers of commercial and investment real estate. For more information on Inland Advisors visit www.inlandreadvisors.com. For more information on this release contact Brandi Luecke @ 630.990.8406 or brandi.luecke@inlandgroup.com

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