Patrick Commercial Real Estate Awarded Catholic Charities Disposition Assignment in Downtown Joliet, Illinois.
Naperville, Illinois. July 6th, 2016. Patrick Commercial Real Estate announces today that it has been retained as exclusive agent to market the 201-203 N. Ottawa Street in Downtown Joliet, Illinois. Matthew R. Rasche has been assigned as lead broker on the project.
The property is a three-story masonry building consisting of 29,950 square feet with 1st floor retail and 2nd and 3rd floor office with a full basement. It sits on 1.203 acres with on-site parking for over 100 cars.
The property is being offered via Bid Deadline of September 1st, 2016.
“We are very excited to have been chosen by Catholic Charities to advise them in the sale of the property.” Said Rasche. “In order to manage the sale process, we are offering the property with a Bid Deadline of September 1st. We have worked with Catholic Charities to compile due diligence materials to assist prospective buyers in evaluating the opportunity.” he added.
Glenn Van Cura, Executive Director of Catholic Charities Diocese of Joliet said “Although the property on Ottawa Street in Joliet has been owned by Catholic Charities for 21 years, in an effort to increase efficiencies and save costs, Catholic Charities will be relocating its administrative staff to the Blanchette Catholic Center in Crest Hill, Illinois. We believe this is a perfect time to introduce the property to the market and we are confident that Patrick Commercial is the right firm to represent us.”