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The DuPage Water Commission Acquires Former Green Acres Country Club In Northbrook For $80M

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SOLD
$80,000,000

Illinois

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Commercial
Sold 05/09/2024
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Property Image
SOLD

The DuPage Water Commission Acquires Former Green Acres Country Club In Northbrook For $80M

916 Dundee Road

See Similar Deals
Commercial
Sold 05/09/2024
the dealdetailscomps

Summary

ILLINOIS
Asset Type:Commercial
Transaction Type:Sale

The former Green Acres Country Club in Northbrook has been acquired by The DuPage Water Commission for $80 million. The property spans 127 acres and was purchased from David Kahnweiler of Colliers.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $80,000,000
  • Buyer: James Zay - The DuPage Water Commission
  • Seller: David Kahnweiler - Colliers
  • Address: 916 Dundee Road
  • Market: Northbrook

The acquisition of the former Green Acres Country Club by The DuPage Water Commission marks a strategic move towards establishing water independence for DuPage County. The purchase reflects a shift in development plans from residential and senior living proposals to a large-scale water treatment facility. This transaction has stirred concerns among Northbrook officials due to potential impacts on local projects like a planned fire station.

Details

SOLD
IMAGE: David Kahnweiler & James Zay DATE: 05/09/2024 ADDRESS: 916 Dundee Road MARKET: Northbrook ASSET TYPE: Commercial ~ ACRES: 127 BUYER: James Zay - The DuPage Water Commission SELLER: David Kahnweiler (@David.Kahnweiler) - Colliers (@ColliersInternational) SALE PRICE: $80,000,000 NOTE: The DuPage Water Commission has acquired the former Green Acres Country Club in Northbrook for $80 million to develop a large-scale water treatment facility, transitioning from prior residential and senior living development proposals. The transaction, representing a substantial profit for the seller, David Kahnweiler, reflects a strategic move by the commission to establish water independence for DuPage County through direct extraction from Lake Michigan, aligning with broader regional water supply initiatives. The acquisition, while pivotal for the commission's water independence goals, has stirred concerns among Northbrook officials due to historical opposition to significant redevelopment of the site and impacts on local projects like a planned fire station.

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