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Greenstone Brokers Sale of Retail Property Near Six Flags to Investor
Greenstone Partners closed two suburban investment sales in Oak Park and Gurnee, including a retail transaction located near Six Flags Great America.
Greenstone Partners’ Chris Malay represented buyers in both transactions. Brewster Hague and Tom Galvin also advised on the Oak Park acquisition.
The Oak Park transaction included the acquisition of 316 to 324 Lake Street, a 16,372 square foot mixed use property consisting of ten apartment units and four ground floor retail suites. Positioned along a highly trafficked corridor with 104 feet of frontage, the property benefits from strong surrounding retail, including Pete’s Fresh Market and Ridgeland Common Recreation Complex.
The Gurnee transaction included the acquisition of 34498 Old Walnut Circle, a three-tenant retail center that was 75 percent occupied at the time of sale. JJS Properties sold the 6,000-square-foot property to Just Koz LLC. The buyer, a partnership of local investors, was drawn to the property’s positioning near Six Flags Great America and Gurnee Mills.
