Digital Realty Acquires 119 Acre Hawthorne Race Course Site In Stickney For $90 Million

The asset involved in this transaction is a commercial property located at 3501 South Laramie Avenue, Stickney, IL, encompassing 119 acres. The transaction amount is $90,000,000.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $90,000,000
• Buyer: Andrew Power - Digital Realty
• Seller: Tim Carey - Hawthorne Race Course
• Broker: Hilco Real Estate
• Closing Date: September 1, 2026
• Market: Stickney, IL

Andrew Power is affiliated with Digital Realty, which is behind Allimac 2023 LLC. This entity has agreed to purchase the property formerly known as the Hawthorne Race Course after its closure in July 2026. Legal disputes and local opposition regarding the relocation of residents and horses from the bankrupt property are currently present.