Adelphia Properties has arranged the sale of a newly constructed, two-tenant retail building located at 369 Roosevelt Road in Glen Ellyn, IL, about 24 miles west of Chicago. The 7,006-square-foot retail building is currently leased to Mattress Firm & F45 Fitness.
The retail center is well positioned, offering high vehicle traffic counts with excellent frontage at a heavily travelled commercial corridor. The property sold at 98% of list price. Adelphia Properties’ Simeon Spirrison, CCIM & George Spirrison, CCIM represented the local seller/developer in the transaction. The purchaser was an all cash, non-1031 local private investor.