Chicago, IL (February 14, 2020) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 11,614 SF multi-tenant retail shopping center located at 200-218 S Milwaukee Ave in Libertyville, IL anchored by @Properties. The property sold for $2,510,000.00. The buyer is a local private real estate investment group. The seller is a local property owner from Chicago. Chad Firsel, President of Quantum, represented the Seller, and Jason Lenhoff, Vice President of Quantum, represented the buyer in the transaction.
Mr. Lenhoff had the following comments regarding the transaction, “@Properties Square is a highly desirable shopping center with outstanding attributes, which made this deal enticing to the buyer. The ability to purchase a center on a busy street with such strong tenancy at the mouth of the ever so popular downtown Libertyville district, really solidified this deal for the buyer.” Lenhoff went on to add, “The buyer purchased a really solid location that is internet proof with long standing tenancy.”
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.