HIGHLAND PARK, IL—City officials here have approved an agreement with @properties Commercial to handle the brokerage the Highland Park Theater property, located at 441-447 Central Avenue.
“We look forward to working closely with @properties as they market this important property in Downtown Highland Park. This partnership will allow the city to collaborate with professionals to find a thoughtful and fiscally responsible solution for the theater property,” said mayor Nancy Rotering. In addition she stated, “the sale of the property has been and will continue to be transparent. As with any redevelopment, this property will require a review that will include public input; planning and design review as required by the City zoning and planned development process.”
The city purchased the theater property in 2009 for $2.1 million and the it includes two existing retail tenants within 441 and 447 Central Avenue, each occupying approximately 750 square feet of the 18,365 square foot building. The theater was closed in May 2012 following an independent fire inspection for life safety reasons.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
