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Greenstone Partners Facilitates Sale of Forest Park Retail Center
Greenstone Partners arranged the sale of Circle Plaza, a 100% occupied multi-tenant retail center located in Forest Park, Illinois, for $8.41 million.
The transaction was brokered by Greenstone Partner and Investment Advisor Connor Sheedy. Situated at the intersection of Harlem Avenue and Circle Avenue, Circle Plaza is an 18,486-square-foot retail center that features a diverse mix of nationally recognized and service-oriented tenants, including Dunkin’, Pep Boys, Bloc Dispensary, HEAL Wellness, and Sploot Veterinary Care. Originally developed in 1984, the retail center has nearly maintained 100% continuous occupancy throughout its history.
“Circle Plaza offered investors a rare opportunity to acquire an irreplaceable infill located retail asset with a proven operating history and significant long-term stability,” said Hagues. Positioned adjacent to both the CTA Green Line Harlem/Lake Station and Metra’s Union Pacific West Line, Circle Plaza benefits from exceptional accessibility and visibility along one of the western suburbs’ most active retail corridors.
