MILLENNIUM PROPERTIES ARRANGE SALE OF 3.4-ACRE DEVELOPMENT SITE

HOMER GLEN, ILL. — Millennium Properties R/E has arranged the sale of a 3.4-acre development site near 159th Street and Will-Cook Road in Homer Glen, about 30 miles southwest of Chicago. The new owners, Richards Building Supply, will develop the site into a new headquarters location. A Chicago-based lender sold the property. The development site can support a 19,200-square-foot building. A number of businesses are close to the site, including 7-Eleven, Ace Hardware, Speedway and a daycare facility, as well as a number of residential subdivisions. Matthew O’Connor of Scott & Kraus LLC served as legal counsel for the lender.