SOURCE: Titan Commercial

Titan Commercial

December 14, 2010 10:30 ET

Titan Commercial Completes All-Cash Deal With Loyola University

University Purchases Future Development Land Site Near Campus

CHICAGO, IL--(Marketwire - December 14, 2010) - Titan Commercial's Dan Steinberg, Vice President, represented Loyola University in the all-cash purchase of 18,000 sq. ft. of vacant land at 6300 N. Broadway. The site, which sold for $940,000, is within a few blocks from Loyola's campus and is an ideal location for future development. At this time, Loyola's intentions for the site are undisclosed. The transaction was completed on November 22.

The vacant land site, which used to contain a building that was torn down several years ago, had prior condominium-development plans that fell through.

"We followed this deal for months as the location is perfect for the growth of Loyola's campus," said Steinberg. "Expectations finally aligned and we were able to negotiate the purchase for nearly 50 percent of the initial asking price."

Founded in 2007, Titan Commercial is a commercial real estate brokerage firm whose mission is to improve lives beyond those involved in the negotiation. Specializing in the acquisition, disposition and leasing of commercial real estate properties, this full service firm has completed over $200 million in transactions and is active in representing landlords, tenants, sellers, purchasers and investors nationwide. Headquartered in Illinois, Titan Commercial also has an office in Arizona. For more information, visit www.titancommercialrealestate.com or call 312.373.7100.

Contact Information

  • For More Information:
    Emily VanderBeek
    Marketing Director
    312.373.7100