Retail Midwest

Jones Lang LaSalle represents U.S. Postal Service in sale of Naperville location

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Jones Lang LaSalle has negotiated the sale 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.

Jones Lang LaSalle has negotiated the sale 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,

The Jones Lang LaSalle team is currently in negotiations with prospective buyers for post office facilities in St. Charles and Glendale Heights as well.