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News release

Chicago, IL

Jones Lang LaSalle Represents U.S. Postal Service in Sale of Downtown Naperville Post Office Building

JLL also marketing six other Chicago-area post office facilities for sale


CHICAGO, Jan. 27, 2011 — Jones Lang LaSalle announced today that an agreement has been reached to sell the 70-year-old post office building in downtown Naperville, one of seven properties in the Chicago suburbs that the company is currently marketing for sale on behalf of the U.S. Postal Service.

The 10,540-square-foot building, which is located at 5 S. Washington Street, went under contract on January 20th with Naperville Bank & Trust, a subsidiary of Lake Forest-based Wintrust Financial Corporation. The sale is expected to close in March with the bank taking occupancy of the space sometime this fall.

Under the terms of the deal, the bank would lease back approximately 2,000 square feet of space to the Postal Service, which would continue to provide retail services at the location.

Jeff Gittelman and Conor Mullady of Jones Lang LaSalle negotiated the agreement on the Postal Service’s behalf. Jones Lang LaSalle is also marketing six other post office facilities for sale in the Chicago area including:
 
  • 1950 Bentley Court in Glendale Heights, a 19,500-square-foot building on 3.21 acres built in 1989;
  • 417 Des Plaines Avenue in Forest Park, a 4,000-square-foot building on approximately 1/3 of an acre built in 1937;
  • 1405 W. Main Street in St. Charles, a 12,568-square-foot building on 1.85 acres built in 1982;
  • 26 S. Third Street in Geneva, an 4,500-square-foot building on one half acre built in 1937;
  • 2800 St. Charles Road in Bellwood, an 8,140-square-foot building on 1 acre built in 1985.
  • 611 S. 8th Street in West Dundee, a 7,000-square-foot building on 1.4 acres built in 1984;
The Jones Lang LaSalle team is currently in negotiations with prospective buyers for the St. Charles and Glendale Heights properties.
 
About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. For further information, please visit our website, www.joneslanglasalle.com.