New Lenox Land Development
New Lenox, Illinois
The Village of New Lenox is a residential community located in the southwestern suburbs of Chicago. The extension of Interstate-355 into the village limits and the approval of a new replacement hospital at US Route 6 created new commercial development opportunities. Envisioning New Lenox as a new regional hub for healthcare, Irgens identified and purchased a 4.5-acre land site strategically located adjacent to I-355 and the hospital campus.
The site was located within a planned retail development. Irgens worked closely with the master land developer to subdivide the parcel and arrange for the extension of utilities and roadway to the site. Initially planned as a multi-tenant medical office building for Silver Cross medical staff desiring an off-campus location, there was a significant response from physician groups seeking to own. Responding to market demand, Irgens subsequently subdivided the site into two parcels and brokered the sales to prominent orthopaedics and gastroenterology groups.
“On behalf of the physicians of Southwest Gastroenterology, I wanted to send you a special ‘thanks!’ for all your help during the contract negotiations and due diligence period. You really did go above and beyond.”