Newport Capital Partners has purchased The Oaks of Oak Brook for $18.25 million on behalf of Newport Fund II.
The Oaks of Oak Brook is a 67,143-square-foot retail center located at the northwest corner of Kingery Highway (Illinois Route 83) and 16th Street in Oak Park, Illinois. Tenants in the center include Panera Bread, Althetico, Wells Fargo and Sleepy’s.
Joe Girardi and Ben Wineman of Mid-America Real Estate Corporation were the exclusive brokers in the transaction on behalf of the seller, a joint-venture between Tarrytown, N.Y.-based DLC Management and Hartford, Conn.-based Hutensky Capital Partners.
