Lansing, Ill. — Encore Real Estate Investment Services has arranged the $1.8 million sale of a Dollar Tree store located in Lansing, 25 miles south of Chicago.
The property was constructed as a build-to-suit for Dollar Tree in 2016. The retailer had eight years remaining on its lease at the time of sale. Matt Weber and Deno Bistolarides of Encore arranged the transaction on behalf of the seller, an Indiana-based developer. A private 1031 exchange buyer based in Washington acquired the asset.