West Suburban Bank / Aurora
Innovative Ownership Relationships
- West Suburban Bank wanted to own its property rather than lease
- New Channels devised an innovative ownership program involving condominium interests
- Saved the bank more than $500,000 in capital costs compared to owning the entire property as a single branch bank
- Innovative property management system allows the bank to meet its objectives for site maintenance
- The ownership concept maximized the development potential of the site, and the additional retail made the project more enticing to the municipality
Location
Church and Butterfield Road Aurora, IllinoisDate of Construction
Commencing March 2010 and ending September 2010Size
Approximately 10,000 sf buildingApproximate Value
Client Confidential
