Elmhurst School District 205 has purchased a 25,000 square foot building from the Bank of America Pension Plan. The property, located at 162 South York Street in Elmhurst, Ill., sold for $3,175,000. The property was purchased to consolidate the School District's administrative offices, expand the Early Childhood Program, the 18-21 Year-Old Transition Program, and to alleviate traffic and parking congestion for Hawthorn Elementary School.
Dan Hiffman, senior associate with NAI Hiffman's Retail Services Group, represented Bank of America. Lee Daniels of Lee Daniels and Associates represented a Frank Catalano, the contract purchaser, who assigned its rights to Elmhurst School District 205.
Source: Illinois Real Estate Journal