Chicago, IL (December 7, 2023) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 15,507-square-foot multi-tenant shopping center located at 209-225 Brook Forest Avenue, Shorewood, IL. The property sold for $1,852,000. Built in the mid-2000s, the property features institutional-quality construction and attractive aesthetics. The Jewel shadow-anchored center was 85% leased at the time of sale. The buyer was a private investor based in Indiana. The seller was an investor based in California. Chad Firsel, President of Quantum Real Estate Advisors, Inc., and Dan Waszak, Executive Vice President of Quantum Real Estate Advisors, Inc. represented the seller in the transaction.
Mr. Firsel had the following comments regarding the transaction, “The marketing process for this asset proved the continued strength and resiliency in the retail market. Utilizing our proprietary marketing process, we were able to generate multiple offers on the property, ultimately helping the seller select the best possible terms for this sale.” Mr. Waszak added, “The seller acquired this asset well and was able to add value by both leasing up vacant spaces and improving the quality of the operations. They are very happy with the results of the sales process.”
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.