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CBRE Auction Offers Land, Hotels and Industrial

CHICAGO-The event will be held Aug. 10, and includes development land, hotels and industrial in Illinois, Indiana and Iowa. Plus more Midwest news.

By Robert Carr | Updated on July 17, 2011

ROSEMONT, IL-CBRE Auction Services is holding a property offering event at noon on Aug. 10 at the Hyatt Rosemont here. The properties in Illinois, Iowa and Indiana will include about 50 acres of development land, two hospitality sites and three industrial facilities.

About 45 acres will be offered at Interstate 94 and Route 120 in Waukegan, zoned general business, for a minimum bid of about $2 million. Paul Galanis, managing director of the CBRE firm, said in a statement that the Waukegan site is one of the last opportunities to acquire land at an exit off the I-94 corridor. Another 4 acres of retail property is offered on Route 134 in Round Lake.

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