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PUBLIC NOTICE OF RECEIVERSHIP SALE: 4344 Middaugh Ave., Downers Grove, Illinois

AMENDED PUBLIC NOTICE OF SALE FREE AND CLEAR OF LIENS, CLAIMS AND INTERESTS, BIDDING PROCEDURES, AUCTION DATE, AND SALE HEARING FOR
4344 MIDDAUGH AVE.
DOWNERS GROVE, ILLINOIS

1. Notice is hereby given to all CREDITORS, NONRECORD CLAIMANTS, UNKNOWN NECESSARY PARTIES, UNKNOWN OWNERS AND INTERESTED PARTIES that on July 20, 2026, Steven L. Victor, in his capacity as the court-appointed receiver (“Receiver”) of D&M Holdings Middaugh, LLC filed a motion (“Sale Motion”) with the Circuit Court of DuPage County (“Court”) for an order to sell (“Sale”) the real property commonly known as 4344 Middaugh Ave., Downers Grove, Illinois (“Property”) to RWE Middaugh Downers Grove LLC (“Stalking Horse Purchaser”) pursuant to the terms and conditions of the Sale Motion and a Purchase and Sale Agreement (“Agreement”), subject to higher or otherwise better offers at auction.

2. On August 18, 2026, the Court entered an amended order (“Bidding Procedures Order”) authorizing the Receiver to proceed with the Sale of the Property to the Stalking Horse Purchaser subject to an auction process and the terms and procedures set forth in the Bidding Procedures Order. The auction (“Auction”) will take place on September 14, 2026 at 10:00 a.m. (CDT) at the offices of Cozen O’Connor, 123 N. Wacker Dr., Suite 1800, Chicago, IL 60606. Competing bids for the Property must be submitted to the Receiver prior to 12:00 p.m. (CDT) on September 11, 2026, and meet the bidding requirements set forth in the Bidding Procedures Order.

3. A final hearing to approve the Sale of the Property to the Stalking Horse Purchaser or the winning bidder at the Auction and address any Objections to the Sale shall be held on September 18, 2026 at 10:00 a.m. (CDT) before the Honorable Robert G. Gibson in Courtroom 2004, at the Henry J. Hyde Judicial Office Facility, 505 N. County Farm Road, Wheaton, Illinois, or any other Judge who may be holding court in his absence, in the courtroom usually occupied by him.

4. If you object to the Sale Motion or Sale you must file an appearance and a written objection (the “Objection”) with the Clerk of the Circuit Court of DuPage County, Wheaton, IL on or before September 15, 2026, at 4:00 p.m. (CDT) (“Objection Deadline”) and serve a copy of the Objection on the Receiver and the Receiver’s counsel at the address set forth below. If you fail to file your appearance and objection to the Sale before the Objection Deadline a final order and judgment may be entered against you and the Property may be sold free and clear of your liens and other interests.


Please contact the Receiver or his counsel for additional information regarding the Sale:

Steven Victor
Development Specialists, Inc.
10 S. LaSalle Street, Suite 3300
Chicago, IL 60603
(312) 263-4141
[email protected]
Receiver
Allen J. Guon
Cozen O’Connor
123 N. Wacker Drive, Suite 1800
Chicago, Illinois 60606
(312) 474-4450
[email protected]
Counsel to the Receiver

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