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Chicago & Midwest  + Midwest  + Retail  | 

Chicago Investor Exits 10-Year Hold on Wisconsin Retail

Quantum Real Estate Advisors brokered the sale of a multi-tenant shopping center in Pleasant Prairie, WI for an undisclosed sum. Built in 2007, the roughly 26,000-square-foot property at 9740-9800 76th St. was fully leased at the time of the sale to tenants including Starbucks, Panda Express, Aspen Dental and AT&T.

Chad Firsel, president of Quantum, represented the seller, a Chicago-based private investor. SVP Daniel Waszak represented the Miami-based buyer.

“The seller was able to exit this asset at an attractive price point after almost 10 years of ownership,” said Firsel. “We were able to generate multiple offers on the asset, showing continued demand for high-quality strip centers.”

Waszak added, “The buyer was pleased to obtain such a well-located asset with an even stronger tenant lineup. They were also attracted to the long-term occupancy and multiple lease renewals within the center.”

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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).

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