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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.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
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