Chicago, IL (April 6, 2017) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant building located at 249-281 Deane Drive in Rockford, IL. The 89,013 square foot property sold for $10,275,000. Rockford Crossings is 100% leased and anchored by Best Buy, and Ross Dress For Less, with national tenants: Hallmark, Great Clips, and The Pita Pit. The buyer was a private real estate investor based in Chicago. The seller is a prominent property owner from the Chicagoland area. Chad Firsel, President of Quantum Real Estate Advisors, Inc. represented the seller in the transaction.
Mr. Firsel had the following comments regarding the transaction, “The buyer was able to acquire a retail center in the heart of a regional trade area.” Mr. Firsel continued, “The property has excellent curb appeal and excellent design and is on ‘the’ corner within the submarket. This property will provide solid cash flow 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.