(Oakbrook Terrace, Illinois)- Picone Advisory Group has successfully negotiated and closed on the sale of the Queen of Peace High School property located at 7659 Linder Avenue, Burbank, Illinois (the “Property”). The approximately 13 acre campus had been owned by the Sinsinawa Dominican Sisters since 1962. The Property was sold to A.E.R.O. Special Education Cooperative (“A.E.R.O.”). The closing occurred on August 27, 2018.
A.E.R.O. provides special education services to students from 11 member public school districts in the southwest suburbs serving Argo, Evergreen Park, Reavis and Oak Lawn High Schools along with 7 of their feeder elementary districts. Since 1963, A.E.R.O. has provided special education programming and an array of related services to students with physical and intellectual disabilities residing in the 11 member school districts. The acquisition of the Property will afford A.E.R.O. the option to centralize its operations in educating hundreds of students from pre-K through 12th grade as well as young adults through age 22.
The Sinsinawa Dominican Sisters opened Queen of Peace High School in 1962 and closed it at the completion of the 2017 school year. The Catholic, all-girl, college preparatory school educated more than 15,000 women over 55 years and had been dedicated to the education and empowerment of young women in an environment that inspired academic excellence in nurturing a culture grounded in the Dominican values of truth, compassion, justice, partnership, and community.
“This was a very complicated and challenging project”, said Christopher L. Picone, president of Picone Advisory Group. “It is rewarding to see the Property will continue to be used to provide educational services to some of the most vulnerable students in these communities”.
Based in Chicago’s western suburbs, Picone Advisory Group provides consulting services to an international client base in a wide variety of industry settings including: real estate, financial services, manufacturing, aerospace, building and construction, food and food service, homeland security and first response, healthcare, energy, wholesale and retail services, technology, telecommunications, and transportation.