About the Property

The subject property is located on South Commercial Avenue in South Chicago. South Chicago, formerly known as Ainsworth, is one of the 77 well-defined community areas of the city of Chicago, Illinois. The property was recently acquired from La Salle Bank in 2007. Some of the other national tenants in the surrounding area include: Blockbuster Video, Charter One Bank, Chase Bank, CVS Pharmacy, McDonald’s, Radio Shack, Sprint Wireless, T Mobile, Royal Savings Bank, and Walgreens.

Tenant

The second-largest bank in the US by assets (behind Citigroup), Bank of America boasts the country’s most extensive branch network, with more than 6,100 locations covering some 30 states from coast to coast. Its core services include consumer and small business banking, credit cards, investment banking and brokerage, and asset management. In 2007 Bank of America bought U.S. Trust from Charles Schwab for more than $3 billion and acquired Chicago-based LaSalle Bank from Netherlands-based ABN AMRO for some $21 billion. Also that year the company made a $2 billion investment in Countrywide Financial, and in early 2008 agreed to buy the troubled company for some $4 billion in stock.

Detail Information

For more information about this property, please contact a Willis Ventures agent. You can also submit the following form to Willis Ventures and one of our agents will get in touch with you shortly.