High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Greater Chicagoland  + Retail  | 

Aurora Retail Portfolio Trades to Colorado Investor

Quantum Real Estate Advisors has brokered the sale of a roughly 45,000-square-foot retail portfolio in Aurora, IL, including the 31,000-square-foot Lake Plaza shopping center and a single-tenant Walgreens. Financial terms were not disclosed.

The buyer is a private investor based in Colorado, while the seller is a Chicago-based investor. Quantum’s Chad Firsel represented the seller, and his colleague Daniel Waszak represented the buyer.

“This was a strategic disposition for the seller as he reallocates capital within his portfolio,” said Firsel. “We were able to achieve excellent pricing for him, and allow him to exit both the strip center and Walgreens in one transaction.”

The shopping center was 100% 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.


Get Chicago News in 150 Words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Quantum

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action