PropertyMay 13, 2026, 04:56 PM
Lincoln Educational Subsidiary Buys Melrose Park Campus for $18.8M
AI Summary
Lincoln Technical Institute, a wholly-owned subsidiary of Lincoln Educational Services Corporation, has entered into a purchase and sale agreement to acquire the real property located at 8315-8317 W. North Avenue, Melrose Park, IL. The property, currently leased by the subsidiary for its Melrose Park campus, will be purchased from Melrose Omni, LLC for $18.8 million. The transaction is expected to close on June 25, 2026.
Key Highlights
- Lincoln Technical Institute, a subsidiary, entered a purchase and sale agreement with Melrose Omni, LLC.
- Acquisition of real property at 8315-8317 W. North Avenue, Melrose Park, IL 60160.
- The property is currently leased by Lincoln Technical Institute for its Melrose Park campus.
- Purchase price for the property is $18,800,000.00.
- Agreement was signed on May 12, 2026, with an anticipated closing date of June 25, 2026.
- A deposit of $250,000.00 is required within five days of the effective date.