Inland Real Estate Brokerage & Consulting, Inc. Successfully Sells Multiple Land Parcels for the Diocese of Joliet, Illinois

OAK BROOK, Ill.–(BUSINESS WIRE)–#CRE–Inland Real Estate Brokerage & Consulting, Inc. (“Inland Brokerage &
Consulting”) announced today the successful sale and closing of five
individual properties, with a combined total of approximately 50 acres,
on behalf of the Roman Catholic Diocese of Joliet. The properties, part
of a 30-property portfolio, include the former Roman Catholic Chancery &
Tribunal complex in Joliet, and land parcels in the surrounding suburbs
of Frankfort, University Park, Channahon and Romeoville.

Eric Spiess, vice president, Paul Montes, vice president, and Paul
Rogers, president of Inland Brokerage & Consulting, represented the
Diocese of Joliet in the five transactions.

“We have closed a significant portion of the 30-property portfolio and
several other parcels are currently under contract,” said Spiess. “We
hope to close the remaining properties so the Diocese can turn unused
real estate into usable capital to further their mission.”

Proposed developments for the parcels include separate retail,
single-family residential and assisted living uses.

“Developers and investors are acquiring quality development sites at
pre-Recession levels,” said Rogers. “Buyers are more bullish than ever
it seems.”

About Inland Real Estate Brokerage &
Consulting, Inc.

Inland Real Estate Brokerage & Consulting, Inc. is a boutique brokerage
and consulting firm providing real estate services and solutions with
sales/leasing, exchanges, appraisal and advisory services for private,
public and institutional owners and managers of commercial and
investment real estate. For more information, visit www.inlandbrokerage.com.

Contacts

Alyssa Campbell, Inland Marketing & Communications, Inc.
630-218-2887
alyssa.campbell@inlandgroup.com