Draper and Kramer Acquires Three-Acre Development Site in Park Ridge, Illinois

PARK RIDGE, ILL. — Draper and Kramer Inc. has acquired a three-acre commercial development site in Park Ridge, a suburb of Chicago. The parcel is located at the corner of Greenwood Avenue and Busse Highway. The firm was self-represented in the transaction. Paul Buckingham and Terry Alexa of Newmark Grubb Knight Frank represented the seller, the American Society of Anesthesiologists. Following the acquisition, Draper and Kramer sold a portion of the site to a developer for a luxury seniors housing development. Jason Gustavson of Stone Real Estate is marketing the remaining parcel on behalf of Draper and Kramer.

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