Chicagoland Commercial Real Estate, Inc (CCRE) recently facilitated the sale of two retail assets in Palatine, Illinois. The two deals, terms of which were not disclosed, closed in the last 30 days.
CCRE represented RAP Heart, LLC in the disposition of a 5,500-square-foot, freestanding, single-tenant retail/showroom building located at 1630 N. Rand Road in Palatine, near the intersection of Rand and Dundee Roads. President Randy Olczyk represented the seller in the transaction and Daniel Vanchieri of SVN Chicago Commercial represented the buyer, ABT Management, LLC.
In the second sales transaction, senior vice president Ray Okigawa and Olczyk represented seller Unique Building I, LLC in the sale of a 4,900-square-foot apartment and retail building located at 100-104 S. Northwest Highway in Palatine. Olczyk and Okigawa also procured and represented the buyer, Robert Zimmerman, in the mixed-use acquisition. The property was approximately 55 percent leased at the time of the sale and the purchaser intends to occupy the remaining vacant retail space.