Jeff Bennett

Jeffry A. Bennett
President & Founder Bennett Commercial LLC

Areas of Expertise:
-Real Estate Sales and Marketing
-Incentive Financing
Tax Increment Financing, Enterprise Zone, Sales Tax Sharing, Tax Credit
-Community Development

As founder and president of Bennett Commercial LLC, Mr. Bennett has 25 years of experience in community and Real Estate Development.

Mr. Bennett’s extensive real estate background affords him experience in land acquisition and assemblage, industrial, commercial and residential land planning, affordable housing development, gifting of real estate, tax incentive.

Prior to founding Bennett Commercial LLC, Bennett was a partner in Tony Perry & Associates leading the Community Development Division successfully writing three Enterprise Zone applications for the Kankakee River Valley, Manteno/Illinois Diversatech, and the Calumet Region. Bennett participated in the creation of 11 Tax Increment Financing Districts along the I-57 Corridor. Bennett’s responsibilities included the financing procurement for Area Jobs Development Association, a not-for-profit with the Mayors of Bradley, Bourbonnais and Kankakee as Board Members, successfully procuring $2.1 million from the United States Department of Commerce Economic Development Administration and $1.4 million from the Department of Commerce and Community Affairs Community Development Administration.

Bennett has owned, developed and sold commercial buildings, industrial parks, and manufacturing home communities while regularly participating in over $20 million of real estate sales transactions annually. Growing Bennett Commercial’s sales to $150 million annually with 25 sales agents.

An example of several non-traditional would include the sale of the 315 acre Phipps Farm in Manteno, IL to SouthCreek LLC. The Starker exchange had SouthCreek working with Bennett thru the zoning/subdivision process, negotiating sales tax sharing agreement and the land cash contribution providing for a 25 acre public park and 15 acres for the newly built Manteno Elementary School. That entitlement work was also completed for 164 lots in Eagles Landing, Bourbonnais, 150 lots, Phipps Farm and a 320 acre project, Prairie Lakes, both in Bourbonnais.