Quantum Real Estate Advisors, Inc. has brokered the sale of a roughly 45,000-square-foot retail portfolio in Aurora, Illinois. The two-building portfolio consisted of a 31,000-square-foot shopping center and a single-tenant Walgreens.
The shopping center was 100 percent leased at the time of sale and featured national tenants such as Dollar General, O’Reilly Auto Parts and Subway. The Walgreens was built in 2002 and had roughly four-years of lease term remaining. The buyer is a private investor based in Colorado while the seller is a Chicago-based investor. Quantum Real Estate senior vice president Daniel Waszak represented the buyer and Chad Firsel, president of Quantum Real Estate, represented the seller in the transaction.
“This was a strategic disposition for the Seller as he reallocates capital within his portfolio. We were able to achieve excellent pricing for him and allow him to exit both the strip center and Walgreens in one transaction,” said Firsel.