Quantum Real Estate Advisors, Inc. brokers sale of an 81,760 square foot Multi-Tenant Retail Center in Naperville, IL for $30,150,000


Chicago, IL (September 15, 2016) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 81,760 square foot shopping center located in Naperville, IL, for the second time.  The property consists of four single-tenant restaurants on long-term ground leases including: Old Town Pour House, Maggiano’s Little Italy, White Chocolate Grill and Morton’s Steakhouse.  In addition, the property features four multi-tenant buildings leased to tenants including; Subway, Einstein’s Brothers Bagels, Scottrade, Jason’s Deli, Naf Naf Grill, Athletico and more. The property was 98% leased at the time of sale and sold to a Texas based investment fund, Crow Holdings.  The Seller was an institutional investment firm based in Illinois which is one of the Inland Group of Companies.  The asset sold for $30,150,000.  Chad M. Firsel, President of Quantum Real Estate Advisors, Inc. and Daniel J. Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented both the Buyer and the Seller in the transaction.

Mr. Firsel commented on the transaction, “The center’s supreme location within the market, the diverse tenant make up and the ultimate price point fit the Buyer’s needs perfectly. This transaction is an example of the demand in the marketplace for high-quality, core assets. Even though it is not a traditional grocery anchored center, the location, tenancy and institutional quality construction make this an excellent acquisition. He went on to say, “Both buyer and seller were certainly winners in this transaction.”

Mr. Waszak commented, “This is a truly unique, irreplaceable trophy asset with terrific recognition within the community.  There have been multiple lease extensions and high historical occupancy at the center further demonstrating strong tenant performance.” He continues, “We were able to generate multiple offers on the deal in a short marketing timeframe which speaks not only to demand in the marketplace, but also the quality of the asset.”

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.


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