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MidwestRetail

Thirteen-tenant retail strip in New Lenox, Illinois sells for $6.15 million

Stephanie Aguilar March 26, 2017
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A 33,136-square-foot multi-tenant retail strip at 800-838 W. Laraway Rd., in New Lenox, Illinois, has sold for $6.15 million.

Quantum Real Estate Advisors, Inc. brokered the sale of the property, which is currently 95 percent occupied and includes the following retail tenants: Anytime Fitness, Dunkin’ Donuts/Baskin’ Robbins, ATI Physical Therapy, State Farm Insurance, Soleil Nails, Split Enz Salon, Country Financial, Nelson Ridge Dental, Ultimate Exposure Tan, Teardrop Cafe, Pizza Mia, Laraway Dry Cleaners, and First Bank of Manhattan.

The buyer was a private Orland Park, Illinois-based real estate investor. Quantum Real Estate Advisors, Inc. President, Chad Firsel, and Senior Vice President, Daniel Waszak, represented the seller, a Los Angeles-based investment group.

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