Hilco Real Estate, LLC announced the sale of a portfolio of 16 surplus bank branches, office buildings, and development land parcels on behalf of First Midwest Bank.

The assets included in this sale are located throughout the Chicagoland and Northwest Indiana areas.  Highlights include a premier, three-story office building totaling 24,000 SF, ideally set in the O’Hare submarket in River Grove, IL; a 5,300 SF former bank branch across from a Jewel-anchored shopping center in Orland Park; and a sizable 4.85 AC development site near the heart of downtown Crystal lake, just one block south of the Metra station. A comprehensive list of the 16 assets within this portfolio, including detailed property descriptions and due diligence information, is available for viewing and download from Hilco’s website www.HilcoRealEstate.com.

Commenting on the portfolio of properties being sold, Jeff Azuse, Senior Vice President of Hilco Real Estate, said, “Over the past few years, Hilco has assisted First Midwest Bank and other local and regional banks streamline their real estate portfolios.  The assets within this portfolio represent a prime acquisition opportunity for the savvy buyer. Many of these sites are well-located within busy commercial districts boasting strong demographics. As such, we anticipate this sale to attract active interest from a broad spectrum of business owners, developers, investors and end-users.”