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Hanley Closes Sale of 100%-Occupied Carpentersville Retail
Hanley Investment Group Real Estate Advisors completed the sale of a 100%-occupied, 11,035-square-foot multi-tenant retail property shadow-anchored by a Home Depot in Carpentersville, IL. The sale price for Shoppes on Route 31 was $3,950,000.
Senior associate Brad Dessy, in conjunction with ParaSell, Inc., represented the seller, a private investor based in Arizona. The buyer, a private investor based in San Diego, was represented by Colliers’ Chuck Wasker, also in San Diego.
“We generated 13 qualified offers and secured an all-cash buyer based in Southern California along with a 35-day escrow period, and closed at 97% of the asking price,” said Dessy. “More than half of the offers were from California-based buyers, which demonstrates the continued outflow of California capital to other regions of the country like the Midwest.”
Built in 2007, the six-tenant property consists of Panda Express, ATI Physical Therapy, Game Stop, a dental office, SportClips and T-Mobile.
- ◦Sale/Acquisition

