Maurides Foley Tabangay & Turner, LLC secured another zoning change for one of its clients. This project involved a client’s building at the northeast corner of 131st Street and 104th Ave in Palos Township.
The property was improved with a three-story office building with approximately 35,000 square feet of gross leasable area on two floors. The building was constructed in 2005 and was previously approved for medical offices only as part of a special use permit granted for a Planned Unit Development (PUD). The client wanted to expand the uses in the building to include other professional […]
Attorney Patrick C. Turner recently represented his client in the sale of a $2.9 million 4-story commercial building at 336 North Michigan Avenue in Chicago, formerly 65 Chinese Restaurant and Bakery.
Mr. Turner assisted with the termination of the existing lease, the liquidation of the tenant’s restaurant equipment, and arranged for a tax deferred exchange.
Negotiations are pending on a contract to purchase a newly constructed strip center in Addison, Illinois. The purchase will serve as the replacement property to defer the substantial gain realized from the sale of this unique Michigan Avenue property […]