Quantum Real Estate Advisors brokered the sale of a multi-tenant shopping center located at 1500 Essington Rd. in Joliet, IL. The property sold for $1,600,000.
The buyer is a private real estate investor based in Southern California. The seller is a real estate investment fund based in California.
The property was fully-leased at the time of sale to a mix of local and national tenants. Quantum president Chad Firsel and SVP Dan Waszak represented the seller.
“We were able to successfully navigate multiple offers on property ultimately getting the seller the best possible terms,” said Firsel. “This shows the continued strength and demand within the neighborhood shopping center space.”
Waszak added, “Both buyer and seller were able to work through some lease expiration challenges in order to successfully bring this deal over the finish line.”
