Mark Heidecke of Horvath & Tremblay completed the sale of the Fountains at Town Center in Carol Stream, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $4.3 million.
The Fountains at Town Center is located at 1021 Fountain View Drive in Carol Stream. Originally constructed in 2006, the center contains 27,050 square feet of gross leasable area on a 3.27-acre parcel. The property is currently 55.34% leased to an mix of tenants including three restaurants, a hair salon, a nail salon, and a dry cleaner.
The center has 12,081 square feet of vacant space (four suites), that offer the opportunity to add value via lease up.
The property is located along West Lies Road, one of the region’s primary commuter corridors 500 feet from the signalized intersection with North Gary Avenue.
