United Community Bank of Lisle occupies 75% of the building, constructed in 2003, with another tenant leasing the rest. Passero Builders acquired the 19,800-sf site in 2002 for more than $2 million, according to property records.
United Community Bank of Lisle operates two other branches in addition to its location in this affluent western suburb's downtown area, about two blocks from a Metra commuter rail station. "This acquisition provides a foothold into the strong suburban Chicago banking market," says American Financial Realty vice president of acquisitions James Mirage.
Chicago-based Bank Property Advisors specializes in striking sale-leaseback deals with financial institutions.
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