G
. Joseph Cosenza, a renowned figure in commercial real estate, passed away on December 25 at the age of 81. As co-founder, director, and vice chairman of Oak Brook-based Inland Real Estate Group of Companies, Inc., he played a pivotal role in acquiring over $55 billion worth of commercial properties.

    Cosenza's career spanned multiple industries, including education and banking. He earned degrees from Northeastern Illinois University and Northern Illinois University before teaching and serving as an assistant principal in the 1960s. In 1968, he co-founded Inland with friends Daniel Goodwin, Robert Baum, and Robert Parks.

    Under Cosenza's leadership, Inland grew into one of the nation's largest commercial real estate and finance groups. As a licensed broker and head of acquisitions, he oversaw the purchase of numerous properties, earning him recognition as a "legendary deal maker" in the industry.

    Cosenza received several awards for his achievements, including induction into the Chicago Association of REALTORS Hall of Fame and lifetime achievement awards from Illinois Real Estate Journals and CRE Connect. He was also active in banking, serving on various boards, including American National Bank of DuPage and Inland Bank & Trust.

    Inland CEO Tony Chereso praised Cosenza's "larger-than-life" personality, saying he transformed the alternative real estate marketplace with his boundless energy and passion. A visitation will be held at Adams-Winterfield & Sullivan Funeral Home on January 2, followed by a funeral service at St. Mary's of Gostyn Catholic Church on January 3.