Chicago, IL (May 5, 2015) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 26,864 square foot retail complex, divided in three buildings: Woods Creek Commons, located at 750-790 South Randall Road in Algonquin, IL. The property was sold for $9,550,000. The multi-tenant retail center consists of three buildings with tenants such as: ATI Physical Therapy, Supercuts, GameStop, Pie Five Pizza, Mattress Firm, Starbucks Coffee, Massage Envy and Soma Medi Spa. The properties are an outlot to the Woodscreek Shopping Center, a 400,000 square foot center anchored by Super Target, Kohl’s, Michael’s, HomeGoods and other national and regional retailers. The Seller was a local development group based in Illinois. The buyer was a private real estate investor based in Wisconsin. Chad Firsel, President of Quantum Real Estate Advisors, Inc. was the sole broker in this transaction.
Mr. Firsel had the following comments regarding the transaction, “The buyer was able to get a 100% leased asset at an attractive yield. We had multiple offers from both local and national investors. Ultimately, this was a great acquisition for this buyer as they understood the strong location of this property.”
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.