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JAMESON COMMERCIAL CLOSES SALE OF THREE CHICAGO-AREA WALGREENS

Released on: September 18, 2007, 11:34 am

Press Release Author: BARBARA GONZALEZ-OLSEN

Industry: Real Estate

Press Release Summary: CHICAGO-Jameson Realty Group announced that Esther Y. Berman,
vice president of Jameson Realty's Commercial Division completed the sale of three
free-standing Walgreens in the Chicago area. The properties sold for a total of $18
million.

Press Release Body: CHICAGO-Jameson Realty Group announced that Esther Y. Berman,
vice president of Jameson Realty's Commercial Division completed the sale of three
free-standing Walgreens in the Chicago area. The properties sold for a total of $18
million.

In the first transaction Berman represented the buyer, a private investor, on the
purchase of 2924 E. 92nd St. on Chicago's South Side. Preferred Properties was the
seller represented by Peter Giadla.

Evanda L.P., a 1031 tax-deferred exchange purchaser, represented by Berman, bought
the remaining two newly built properties located in northwest suburban Elgin and
southwest suburban Yorkville.

The seller for the Elgin property, located at northwest corner of Villa and Liberty
streets, Villa & Liberty LLC, was represented by Robert Miller, president of Millco
Investments. Jeff Stahl of Stahl, Cowen & Crowley, LLC, waw the attorney for the
seller, and Audrey Selin of Neal, Gerber and Eisenberg, LLP was the attorney for the
purchaser.

Interra-Vision Development, LLC, was the seller in the Yorkville location located at
the northwest corner of Illinois 47 and Illinois 71. Glen Garfinkel of Levick, Tim &
Garfinkel, LLC, was the attorney for the seller, and Audrey Selin of Neal, Gerber
and Eisenberg, LLP, was the attorney for the purchaser.

In addition to its residential and brokerage divisions, Jameson Development has
acted as a principal in over $500 million of multi-family development projects
including condominium conversions and high-rise construction.
Jameson's commercial real estate division posted sales and leasing transactions
valued at more than $100-million in 2006.

For more information on commercial property, please call Esther Y. Berman for
Jameson Realty Group at 312-751-0300, or log on to the Jameson website at
www.jameson.com.
###


Web Site: http://www.jameson.com

Contact Details: JAMESON REALTY GROUP
425 West North Avenue
Chicago, IL 60610
312-751-0300
Barbara Gonzalez Olsen
Robert J. Flannery

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