Chicago, IL (May 29, 2018) – Quantum Real Estate Advisors, Inc. has brokered the sale of Spring Creek Plaza, a multi-tenant retail center located at 2450 Route 12 in Spring Grove, IL. The 19,909 square foot property sold for $1,650,000 and was leased to tenants including: Dairy Queen, Verizon, Subway and more. The buyer was a private real estate investor based in the northern 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 new retail center in the heart of a regional trade area.” Mr. Firsel continued, “The property has excellent curb appeal and excellent design, plus it is located directly across from a Jewel Food Store. The property was able to lease up in short order since ownership acquired the deal a little over two years ago.”
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.