Chicago, IL (February 12, 2020) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail center located at 3045-3117 West 26th Street in Chicago, IL. The 117,682 square foot center consists of three buildings on a 5.98 acre site. The property sold for $17,500,000. The buyer is a private real estate investor based in Chicago, IL. The seller is a local acquisition and development company from the suburbs of Chicago. Chad Firsel, President of Quantum Real Estate Advisors, Inc. represented the seller and purchaser in the transaction.
Mr. Firsel had the following comments regarding the transaction, “The buyer was able to acquire a strategic location within a very dense population. The retailers thrive in this location. The plans are unsure what the future holds for this acquirer-whether that be a redevelopment or not-however, there are not too many pieces of real estate this size in this location in an international city like Chicago.”
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.