"Because of my family's history, it was important to me that we keep our corporate headquarters in Rolling Meadows, the city my father built," says chairman David K. Hill. The northwest suburb with a population of 24,600 was spawned by the need for housing for returning servicemen in the early days of the Baby Boom. Kimball Hill began building homes on 500 acres in Rolling Meadows.
Scott Fleming of Sterling Real Estate Services Inc. represented Kimball Hill Homes in negotiations with Michael J. D'Angelo of Binswanger, who represented the Wisconsin-based seller. The deal was financed with a $4.8-million loan from Amerimark Bank, according to documents filed with the Cook County Recorder of Deeds.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
