CHICAGO, IL- Monroe Investment Partners LLC of Chicago has just announced the sale of a 16-acre parcel of land in North Riverside to the Costco Wholesale Corporation for $5.5 million. The sellers are affiliates of Monroe and Lincolnwood Developers LLC. The site at 2500 S. Harlem Ave. is currently occupied by the former headquarters of the Edward Don & Co., but it won't last long.
“Demolition starts next week,” Monroe's Thomas R. Brashler told GlobeSt.com. “I say that happily.”
He explained that the loss of Edward Don to nearby Woodridge in 2012 could have been devastating for North Riverside due to the loss of sales taxes. “Most people did not realize that because they thought of it as just a warehouse,” but the distributor of restaurant equipment also sold many products out of the facility.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
