Chicago, IL (December 3, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 24,454 SF multi-tenant retail shopping center located at 2012-2032 N. Prospect Ave. in Champaign, IL. The property has national anchors: David’s Bridal, America’s Best Eyewear, Little Caesar’s Pizza, Sally Beauty, and a few local tenants. The property sold for $4,350,000. The buyer is a private real estate investor based in Milwaukee, WI. The owner at the time of sale was Core Acquisitions, LLC, a Chicago-based investment and development firm. Chad Firsel, President of Quantum, and Jason Lenhoff, Executive Vice President of Quantum, represented the seller in the transaction.
Mr. Lenhoff had the following comments regarding the transaction, “Champaign Town Center is a tremendous property that offers stability with long-term leases and a risk-adjusted returns to satisfy most investors in today’s market.” Mr. Firsel says, “This property is well located directly in between Target and Lowes Home Improvement on the main retail corridor in Champaign. The town is also home to the largest in-state university in Illinois.”
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.