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City Hires Inland for 19-Property Update

CRYSTAL LAKE, IL-The Chicago-based firm will provide strategic real estate consulting services in regards to retail redevelopment.

By Cari Brokamp | Updated on December 02, 2008

CRYSTAL LAKE, IL-The city of Crystal Lake has hired Inland Real Estate Brokerage Inc to provide consulting services related to the community’s plans to develop several key properties. The partnership is hoped to attract developers and retail tenants to bolster the economic strength of the city. Inland will focus its efforts on marketing, sales and leasing of available land and retail space.

“We are offering them real estate brokerage services for their properties and retail spaces available,” Karen Runge, managing broker with Inland, tells GlobeSt.com. “This includes doing searches for qualified developers and compatible retailers on sites they have identified for us to focus on. We want to get the word out about the benefits of doing business in Crystal Lake, and the city would like to find out what opportunities exist and which retailers would be a good fit.”

The city has identified 19 properties, either with open land it hopes to develop or buildings it hopes to occupy. The properties range in size from less than an acre to more than 23 acres. Buildings on the properties range in size from 6,600 square feet to 192,000 square feet, and include former restaurants and a vacant Pier 1 Imports location.

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