Business

Silverado buys St. Charles property for $1.5 million

Posted March 02, 2017 12:00 am

Daily Herald Report

Silverado, a company that provides Alzheimer's and dementia care, bought property in St. Charles to build a new facility.

Oakbrook Terrace-based Marcus & Millichap commercial real estate investment services firm announced the sale of land in St. Charles, north of Pheasant Run, adjacent to the Hilton Garden Inn.

The property sold for $1,494,595, said Steven D. Weinstock, first vice president of the firm's Oak Brook office.

Richard Lynn and Richard Kozarits, investment specialists in Marcus & Millichap's Oak Brook office, represented Silverado, a nationally recognized provider of care for those affected with Alzheimer's and dementia.

This site will complement their current memory care communities in Naperville, Lake Zurich, Highland Park and Morton Grove.

Silverado is planning to build a facility, like this one in Naperville, in St. Charles north of Pheasant Run. Courtesy of Silverado