Chicago, IL (October 20th, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant strip center located at 4801 Bauer Farm Dr. in Lawrence, KS. The property sold to a family office based in Wichita for $3,510,000. The center is anchored by Jersey Mikes, who just signed a new 10-year lease. Zack Hilgendorf, Executive Vice President of Quantum Real Estate Advisors, Inc., represented the buyer in this transaction.
Mr. Hilgendorf had the following comments regarding the transaction, “The buyer was looking to put some excess cash to work in a high-quality asset with the intention of holding long-term. The buyer was able to acquire a well-built property located in the center of the regional trade area.” Mr. Hilgendorf continued, “This was a strategic disposition for the Seller as he reallocates capital within his portfolio.”
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.