Chicago, IL (November 22, 2024) – Quantum Real Estate Advisors, Inc. has brokered the sale of a +/-17,683 square foot shopping center in Burbank, IL. The 100% leased center, which sold for $5,750,000, benefits from an excellent mix of retail and medical tenants, including, but not limited to, Meat Moot, Pizza Hut, Tropical Smoothie Café, OSF Healthcare, and Dental Town. Dan Waszak, Zack Hilgendorf, and Nick Hilgendorf of Quantum represented the seller, GW Properties, in this transaction. The buyer was a private investor based out of Kansas.
Dan Waszak had the following comments regarding the transaction, “We continue to see well-performing shopping centers garner significant interest from investors in today’s economic environment. This asset will provide the buyer with a positive leveraged investment while simultaneously keeping his risk low due to the asset’s strong WALT and historical occupancy.” Zack Hilgendorf added, “The buyer was interested in the asset because of a number of factors, most notably the synergistic tenant mix, in addition to its excellent underlying real estate.”
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.
