Chicago, IL (October 2, 2020) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 19,945 SF multi-tenant retail shopping center located at 1742-1768 N Milwaukee Ave in Libertyville, IL anchored by Sushi Thai and Great Clips. The property sold for $2,900,000.00. This is the second multi-tenant retail building in Libertyville that Quantum has sold in 2020. The buyer is a local private real estate investor. The seller is a local property owner from Chicago. Jason Lenhoff, Senior Vice President of Quantum, represented the seller in the transaction.
Mr. Lenhoff had the following comments regarding the transaction, “Adler Square is such a tremendous property that offers so much to an investor. This property is well located, has solid tenants, and superior demographics. Libertyville is one of the best suburban markets in the Chicago metro area.” Lenhoff went on to add, “The sale of this property signifies that even during a time of uncertainty, that well located and well tenanted multi-tenant properties will be highly sought after by investors.”
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.