Chicago, IL (May 17th, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail shopping center located at 271 Townline Road in Vernon Hills, Illinois. The property sold for $6,800,000. At the time of sale, the property was 100% occupied by Starbuck’s, For Eyes, Maciano’s Pizza, FedEx, Cold Stone Creamery, and a few local tenants. The buyer is a private real estate investment firm based in Chicago. The seller is also a private real estate investment firm from Chicago. Jason Lenhoff, Senior Vice President of Quantum, represented the buyer in the transaction.
Mr. Lenhoff had the following comments regarding the transaction, “Aspen Pointe is a terrific location. It is within close proximity to the regional mall, has excellent frontage on the main road, and has excellent credit tenants.” Lenhoff continued, “The buyer was in an exchange and was able to quickly identify this property and close. The location and tenants are both a great long-term investment for this buyer.”
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.