Mark Heidecke and Uriel Escobar of Horvath & Tremblay have completed the sale of Route 59 Plaza in Naperville, Illinois.
Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2.125 million.
Route 59 Plaza is located at 1620 Pebblewood Lane in Naperville. The plaza was constructed in 1991 and contains 21,763 square feet of gross leasable area on a 1.30-acre parcel. The Property has 18 suites and is 73.85% leased to a complimentary mix of local tenants that serve the needs of the area residents.
The property offers upside through the lease up of the existing vacant space, and by bringing current tenants to market rates upon their lease renewals. The property has six vacant suites with a total of 5,692 square feet. The spaces offer a variety of sizes allowing for a broader range of prospective tenants.
The property is 0.25-miles from Interstate 88 and approximately 1.7-miles from the Route 59 METRA Station. Naperville is located in DuPage County, approximately 28 miles west of Chicago.
