Chicago, IL (May 17th, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail shopping center located at 6001-6091 Broadway in Merrillville, Indiana. The property sold for $7,000,000. At the time of sale, the property was 100% occupied by CitiTrends, B2 Digital, Aaron’s Rents, Shoppers World, and a few local tenants. The buyer is a private real estate investment firm based in New York. The seller is a private real estate investor from Chicago. Jason Lenhoff, Senior Vice President of Quantum, represented the seller in the transaction.
Mr. Lenhoff had the following comments regarding the transaction, “Broadway Place is a great grocery shadow-anchored property that has a diverse tenant line up. The buyer has local knowledge of Merrillville and was able to quickly put together this deal. The seller had some last-minute leases get executed, which solidified the sale.” Lenhoff continued, “With a new roof and parking lot, this shopping center will be profitable for years to come.”
Quantum Real Estate Advisors, Inc. (www.qreadvisors.com) specializes in investment sales brokerage, assisting clients in the acquisition and disposition of commercial real estate. Quantum has the capacity through strategic alliances to offer full-service leasing brokerage, receivership, management and financing.