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Chicago & Midwest  + Greater Chicagoland  + Retail  |  July 2, 2024
Jasmine Kilman
By: Jasmine Kilman

Lee & Associates of Il Negotiates Sale of Mount Prospect Restaurant

Lee & Associates negotiated the 4,669-square-foot sale of Buddy’s Bites and Brews at 702-718 N River Road, Mount Prospect, Illinois, for $1 million.

Both the seller, restaurant and hospitality operator Ala Carte Entertainment, and the buyer, Platinum Doors, were represented by Rick Scardino, Principal, of Lee & Associates. This is the sixth transaction Scardino has aided Ala Carte in over the years.

“This site became an extra unit for the Ala Carte portfolio after purchasing, renovating, and anchoring a well-positioned strip center near Rosemont a few years ago,” said Scardino. “The new owner plans to continue operating the unit as Buddy’s Bites n Brews but in time featuring live South American music.”

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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