Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications

New Lenox shopping center sells for $4.6 million

June 24, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Marcus & Millichap closed the sale of Bluestone Commons, a 36,025-square-foot retail property located in New Lenox, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. After procuring multiple offers, the asset sold to a Canadian real estate firm for $4,600,000.

Adrian Mendoza, first vice president investments, Austin Weisenbeck, senior vice president investments, and Sean R. Sharko, senior vice president investments, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller and also represented the buyer. Dean Giannakopoulos, senior vice president capital markets, with Marcus and Millichap Capital Corporation provided the long-term fixed, non-recourse acquisition financing.

Bluestone Commons is located at 2351-2499 E. Joliet Highway, surrounded by newly constructed properties and shadow anchored by Lowe’s and Target. Located off the recently widened Route 30, the property is in a major retail corridor. At the time of the sale the property was 96 percent occupied by a synergistic mix of nationally franchised and local tenants.

Tags
IllinoisMarcus & MillichapNew Lenoxretail
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
WisconsinCRE

Wisconsin’s Boldt Company hires CIO

September 29, 2023
TexasOffice

KBS & Transwestern sign 38,000 square feet with two regional firms at Class A office in Dallas

September 29, 2023
IowaNet LeaseRetail

Marcus & Millichap negotiates sale of Dollar General in Iowa

September 29, 2023
IllinoisCRE

RECAP: 2023 Goldie Gala

September 29, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com