Chicago, IL (July 9th, 2018) – Quantum Real Estate Advisors, Inc. has brokered the sale of a roughly 45,000 square foot retail portfolio in Aurora, IL. The two-building portfolio consisted of a 31,000 square foot shopping center and a single-tenant Walgreens. The shopping center was 100% leased at the time of sale and featured national tenants such as Dollar General, O’Reilly Auto Parts and Subway. The Walgreens was built in 2002 and had roughly four-years of lease term remaining. The buyer is a private investor from based in Colorado. The seller is a Chicago based investor. Chad Firsel, President of Quantum Real Estate Advisors, Inc. represented the Seller and Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the buyer in the transaction.
Mr. Firsel had the following comments regarding the transaction, “This was a strategic disposition for the Seller as he reallocates capital within his portfolio. We were able to achieve excellent pricing for him and allow him to exit both the strip center and Walgreens in one transaction.” Mr. Waszak added, “The buyer was able to acquire a well-located asset with a diverse tenant mix. He views this tenant mix as an ‘internet resistant’ mix that with limited risk that Amazon will hurt the tenant’s business.”
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.