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Devon Bank
Signs 25 Year Lease at Freedom Commons Retail & Restaurant Development
— New Branch Will Serve Fast Growing Naperville Corridor
OAK BROOK TERRACE, IL, September 19, 2007 – Devon Bank has
signed a 25 year lease for a building site at Freedom Commons, a
25acre retail and restaurant development underway in Naperville,
IL, in Chicago’s western suburbs. The bank will build an 8,000squarefoot,
full service branch, scheduled for a mid 2008 opening, according
to Dan Loundy, Devon Bank vice president.
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Leasing Activity Robust at Freedom Commons Retail & Restaurant
Development, Five Restaurants Plus Health Club Also Under Construction
August 10, 2007 – Easy access and a unique infill opportunity
in one of the top rated communities in America has contributed to
robust leasing activity at Freedom Commons, a 25acre retail and
restaurant development underway in Naerville, IL, in Chicago’s
western suburbs.
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The Harp Group closes on $49 Million Acquisition of Upscale
Hyatt Regency Woodfield Hotel; Announce Plans for $25 Million Renovation
Prudential Real Estate Investors Is Joint Venture Partner for the
All-equity Transaction
June 26, 2007 – The Harp Group, a Crescendo Company, today
announced that it has acquired the upscale 470-room Hyatt Regency
Woodfield hotel property in Schaumburg, IL, in a transaction valued
at $49 million. The Harp Group entered into a joint venture partnership
for the all-equity transaction with Parsippany, NJ-based Prudential
Real Estate Investors (PREI®), acting on behalf of institutional
investors in its value-added commingled fund.
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Chicago based Harp Group Acquires Hotel Pacific in Monterey,
CA, for $29 Million — Portfolio Hotels & Resorts, a Sister
Company, Will Manage the 105 Suite Luxury Property
April 24, 2007– The Harp Group today said it has acquired
the luxury 105 suite Hotel Pacific in Monterey, CA, in a deal valued
at $29 million. The Harp Group is a real estate investment and development
company specializing in high end hospitality destinations and is
one of The Crescendo Companies (“Crescendo”).
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Chicago area Commercial Real Estate Veterans Launch The Crescendo
Companies — Announce Key Milestones on Wheeling and Rosemont
Development Projects
March 13, 2007 - Three Chicago area commercial real estate veterans
today announced the launch of The Crescendo Companies (“Crescendo”),
an umbrella holding company for a group of well established businesses
specializing in developing and managing upscale retail, hotel, resort,
mixed use and restaurant properties. Crescendo cofounders David
P. Bossy, Michael D. Firsel and Peter G. Dumon have been active
in the greater Chicago area commercial real estate community for
the past 30 years.
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