Illinois

Crystal Lake, Ill. — Greenstone Partners has arranged the $3 million sale of a nearly 12,000-square-foot retail property in the Chicago suburb of Crystal Lake. The building, located at 5899 Northwest Highway, is 77 percent occupied with two vacant units. Jason St. John and AJ Patel of Greenstone represented the seller, a local, private partnership. The duo also procured the buyer, a private partnership completing a 1031 exchange.

Orland Park, Ill. — Quantum Real Estate Advisors Inc. has negotiated the $2.4 million sale of a 17,342-square-foot retail building in the Chicago suburb of Orland Park. The property, located at 16124 S. La Grange Road, was fully leased to Children of America and Bear Paddle at the time of sale. Chad Firsel of Quantum brokered the transaction. A Chicago-based private real estate investment group purchased the property from a San Diego-based development company.

Bolingbrook, Ill. — Mid-America Real Estate Corp. has arranged the sale of The Landings at Bolingbrook, a 112,622-square-foot retail center located in the Chicago suburb of Bolingbrook. PetSmart, OfficeMax, Planet Fitness and Modern Furniture anchor the 91 percent-occupied center, which is also home to an out-lot building leased to Duly Medical, Noodles & Company and For Eyes Optical. Ben Wineman of Mid-America represented the seller, an affiliate of Atlanta-based RCG Ventures, in the transaction. 

Bolingbrook, Ill. — First National Realty Partners has acquired Maple Park Place, a 212,000-square-foot retail center located roughly 33 miles west of downtown Chicago in Bolingbrook. Rick Drogosz of Mid-America Real Estate Corp. represented the undisclosed seller in the transaction. The property is anchored by a 23,000-square-foot Aldi grocery store, as well as a 44,000-square-foot Burlington and a 32,000-square-foot Best Buy. Additional tenants at the time of sale included Advanced Auto Parts, Dollar Tree, Meineke, Benjamin Moore and X-Sport Fitness.

Hainesville, Ill. — Quantum Real Estate Advisors Inc. has brokered the $2.1 million sale of a multi-tenant retail center located on East Belvidere Road in Hainesville, a city in Northeast Illinois. At the time of sale, the property was leased by Starbucks Coffee, Chicago’s Red Hots, Luxe Salon and Lakemoor Dental. Jason Lenhoff of Quantum represented the seller, a locally based private investor. A Wisconsin-based private investor was the buyer.

Plano, Waukegan and New Lenox, Ill. — Hanley Investment Group Real Estate Advisors has arranged the sales of three multi-tenant retail properties in suburban Chicago for a combined $10 million.  The properties total 76,357 square feet and include Lakewood Springs Commons, a 26,300-square-foot center located at 200-270 Mitchell Drive in Plano; Cedar Center, a 22,370-square-foot property located at 100-196 West Illinois Highway in New Lenox; and Bay Ridge Court, a 27,687-square-foot center located at 422-484 North Green Bay Road in Waukegan.  Dylan Mallory, Jeff Lefko and Bill Asher of Hanley, …