Chicago, IL (January 15, 2015) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 23,959 square foot shopping center, Landmark Crossings, located at 744-782 Beloit Road in Belvidere, IL. The property was sold for $3,700,000. The multi-tenant retail building is 100% leased to both national and local tenants including: Harris Bank with an end cap drive-thru, Pizza Hut, Midwest Dental, and many more. The Seller was a local development group based in Rockford Illinois, they are also the original developer. The buyer was a private real estate investor based in Chicago. Chad Firsel, President of Quantum Real Estate Advisors, Inc. represented the Seller in this transaction.
Mr. Firsel had the following comments regarding the transaction, “The buyer was able to get a 100% leased asset at an attractive yield. We had multiple offers from both local and national investors. Ultimately, this was a great acquisition for this buyer as they understood the strong location of this property.”
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.