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Spring Valley Development Land
47 Acres of Development land has been sold to The Stough Group for an independant senior housing complex. All but three of the units have been spoken for and the tenants are now enjoying their new residence in Spring Valley, IL.
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Mark Janko
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Hotel Brokerage Division Sales
The Janko Commercial Hotel Brokerage Division has been successful in handling the sale of four separate hotels of three well known brands in Illinois and Indiana. In December of 2007 a Holiday Inn Express in Tuscola, Illinois was sold for $3,550,000. September of 2008 involved the sale of a Sleep Inn located in Decatur, IL for $2,000,000, a La Quinta Inn in Bolingbrook, Illinois for $4,700,000, and a Holiday Inn Express in Franfort, IN for $2,400,000.
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Lawrence W. Bianchi
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Janko Realty & Development Establishes Hotel Brokerage Division
Janko Realty & Development, LLC announces that it has established a new Hotel Brokerage Division. The first closed transaction for the new Hotel Brokerage Division came in December of 2007 with the sale of the Tuscola, IL, Holiday Inn Express for $3,550,000. More recent hotel sales brokered by Janko Realty and closed in 2008 were: Decatur, IL, Sleep Inn for $2,000,000; Bolingbrook, IL, La Quinta Inn for $4,700,000; Frankfurt, IN, Holiday Inn Express for $2,400,000. These closings account for a total of $12,650,000 in hotel sales brokered by Janko Realty during the past eight months.
Larry Bianchi, a Commercial Realtor with Janko Realty & Development, heads up the new Hotel Brokerage Division. Anyone interested in buying or selling a hotel property can contact Larry at 815-223-3875.
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Lawrence W. Bianchi
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40 Acre Parcel of Cannon Industrial Park
The successful sale of property in the "I-80 / I-39 Corridor" has provided a convenient and efficient location for the present construction of Con-way Freight's new 220 door cross-dock facility in La Salle Illinois. This establishes a local operating location for more than 250 businesses in the greater La Salle area. Besides providing daytime pickup and delivery, evening functions include it being one of Con-way's largest freight assembly centers in the country. The new facility will employ 47 people with an increase of 25-30 emloyees over the first year and will replace the current facility in Peru, Illinois. The new building will have a 98,000 sq.ft. dock and a 6-bay, full- service truck maintenance facility and fueling island. It will include 14,850 sq.ft. for offices and allow for the expansion capability to 400 doors. Con-way Freight is a subsidiary of Con-way Inc., a $4.7 billion freight transportation and logistics service company.
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Mark Janko
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Wenona, IL 1400 Acres of Farmland
A standout closing of farmland in 2007 by Janko Realty & Development LLC, was for 1400 acres adjacent to Wenona, Illinois, which was acknowledged by the SIOR Chicago Chapter in an award for the “Largest Land Transaction” during the SIOR 2007 Professional Achievement Awards Ceremony.
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Janko Realty Brokers $29.5MM Senior Housing Sale
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Janko Realty & Development of Peru IL represented by Larry Bianchi has announced that they have successfully marketed and arranged for the sale of 4 Senior Assisted Living Facilities all of which are located in the State of Illinois, (Flora, Manteno, Ottawa, and Watseka). The transaction closed in late October of 2007 at a total cost of $29.5MM. The developer of these facilities was Janko Financial Group (principals Richard and Mike Janko), a Commercial/Industrial Development Company with offices in Downers Grove IL and Peru IL. The facilities are operated under the brand name of Heritage Woods and are managed by Blair Minton & Associates Management of Bradley IL.
The package of four facilities totals 288 living units all of which are qualified by the State of Illinois for the Supportive Living Facilities (SLF) Program which allows Low Income seniors to receive the same high level of service and care as Private Pay individuals. All four of the Heritage Woods facilities exhibits a tenant mix of approximately 50% Private Pay and 50% Low Income residents. Also, all four of the facilities were developed and opened since the beginning of 2000 (Flora - May/2000; Ottawa - Sept/2000; Watseka - June/2004; Manteno - Feb/2005). | |
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Lawrence W. Bianchi
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Mark Janko
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First Beverage Purchases 7.5 Acre Parcel in May Road Business Park
First Beverage to locate in the May Road Business Park.
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Mark Janko
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73.57 Acre Farmland Parcel
Prime 73.57 Acre farmland parcel adjacent to Hwy 39.
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Mark Janko
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Rockford Industrial Gas
A 5 Acre parcel of the May Road Business Park has been sold to Rockford Industrial Gas for future development.
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Mark Janko
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Access South Parcel, Midtown Rd. Peru
Another "Access" property has been purchased for a development that will help serve the public in the Illinois Valley. Look for updates as the buyer releases pertinent public information!
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Mark Janko
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Springfield Electric to Locate in May Road Business Park
Springfield Electric purchases 5 Acre parcel in the May Road Business Park for future relocation.
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Mark Janko
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