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Software development co. president acquires Near North home

Randall Menna bought a 3.5-bath home at 1022 N. State St. in Near North from Nona C. Russell and Thomas R. Russell for $950,000 on Aug. 2.The 3,582-square-foot house was built in 1977 in the Newberry Plaza Townhomes development.Menna is the president and founder of The Newport Avenue Group, a custom software development company specializing in the creation of high performance WAN applications. He also founded New Moon Systems in 1995, where he was the company’s vice president of engineering. He also founded Ejasent, a company that works in developing application virtualization technology for utility computing. Earlier, he worked at Hewlett-Packard, where he held engineering positions. He also worked for MIPS Computer Systems. He received a bachelor’s degree in behavioral science from the University of Chicago and a master’s degree in computer science from the University of Illinois Urbana-Champaign.According to BlockShopper.com, there have been 588 home sales in Near North during the past 12 months, with a median sales price of $251,000.

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Address:1022 N. State StreetBuyer(s):Randall MennaSeller(s):Nona C Russell and Thomas R RussellSale date:Aug. 2, 2010

<a href="http://chicago.blockshopper.com/news/story/500093085-Software_development_co_president_acquires_Near_North_home,tag:news.google.com,2005:cluster=http://chicago.blockshopper.com/news/story/500093085-Software_development_co_president_acquires_Near_North_home,Mon, 11 Oct 2010 16:09:17 GMT 00:00″>Software development co. president acquires Near North home

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