Downtown bank to become business incubator

By Lee Provost
lprovost@daily-journal.com

KANKAKEE — The former Midland States Bank site in downtown Kankakee has been sold and will be transformed by two out-of-the-area developers into a business incubator.

Brian Loftin, of Schaumburg, owner of Preservation Realty, and Joshua Jeffers, of Milwaukee, Wis., owner of the real estate development and investment firm, J. Jeffers & Co., recently closed on the two-story, 22,000-square-foot property at a cost of $338,000.

The two investors have been prospecting Kankakee’s downtown for investment opportunities since late 2019.

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