PRESS RELEASE: Sperry Van Ness Executes Sale of 11 Acre Development Parcel for $3M

CHICAGO–Sperry Van Ness Chicago Commercial has completed the sale of eleven acres of land located at the southwest corner of Randall Road and Oak Street in North Aurora, Illinois. The fully-improved development parcel has approximately 1,200 feet of frontage along Randall Road and 650 feet along Oak Street. General B-2 zoning allows for retail, restaurants, medical, automotive related and financial institutions. Senior Advisor, Vincent D’Amico of Sperry Van Ness, LLC and Jeffrey Hyman of Colliers Bennett & Kahnweiler represented the seller in the transaction. The parcel commanded a sale price of $3,000,000. “This property is directly located in the path of progress. The seller will reap the benefits of this fully improved land site for quite some time.” D’Amico said.
Founded in 1987, Sperry Van Ness is one of the largest and fastest growing commercial real estate brokerage firms in the industry, with more than 1,300 Advisors in 38 states. Sperry Van Ness delivers results for clients through a proven business model that provides advanced marketing and technology tools. Based in Irvine, Calif., the firm operates internationally and provides brokerage, consultation, asset management, property management, leasing, accelerated marketing, and auction services. Sperry Van Ness transactions total billions of dollars annually in retail, office, multifamily, industrial, self-storage, hospitality and land transactions.
Sperry Van Ness, LLC is a national full-service commercial real estate advisory firm located at 940 West Adams Street in downtown Chicago. 312.676.1866. For more information, please visit
TAGS: Investment