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by CareyBot

Inland Real Estate brokered the sale of the former Tower Oldsmobile dealership, a three-parcel property in Chicago, Ill.

The value of the transaction was approximately $18.2 million.

The property is located at 1220, 1233 and 1241 N. Wells St. It includes two one-story buildings and a 32,328-square-foot paved parking lot.

An affiliate of Grossinger City Toyota was the buyer. Grossinger plans to relocate its Toyota dealership, which is now at 711 W. Jackson Blvd., to the Wells Street site, which was home to Tower Olds for more than 40 years.

Oak Brook, Ill.-based Inland Real Estate Sales Inc. specializes in commercial real estate brokerage, property management, investments, development, acquisition and mortgage lending.

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