SPERRY VAN NESS ARRANGES PURCHASE OF 39,480-SQUARE-FOOT RETAIL PROPERTY

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CHAMPAIGN, ILL. — Champaign-based Sperry Van Ness|Ramshaw Real Estate has completed the sale of a vacant 39,480-square-foot retail property, located at 723 N. Neil St. in Champaign, for $1.05 million. The buyer, a private investor from Champaign, plans to bring a restaurant and retail shops into the one-story building, as well as construct a second story that will feature 11 residential condominiums. Alex Ruggieri of Sperry Van Ness represented the buyer, as well as the seller, a private investor from Urbana, Ill.

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