Chicago, IL (August 23, 2018) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail center located at 14702-14740 South Cicero Avenue, Midlothian, IL. The 73,284 square foot property center, Mid-Oak Plaza, sold for $6,250,000. The buyer was a private real estate investor based in the southern suburbs of Chicago. The seller was a prominent acquisition and development company 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 strong neighborhood setting.” Mr. Firsel continued, “The property experienced excellent absorption during the previous ownership period and these tenants are not subject to the whims of e-commerce.”
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.