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Chicago & Midwest  + Greater Chicagoland  + Retail  | 
Greenstone Partners arranged the sale of a multi-tenant retail center near a well-trafficked intersection in Frankfort, IL

Greenstone Sells Multi-Tenant Retail in Frankfort

Greenstone Partners sold a multi-tenant net-lease retail center located at 20910-30 S. La Grange Rd. in the Will County community of Frankfort, IL. The Class-A, 5,395 square foot property is fully leased to Potbelly Sandwich Shop, CD One Price Cleaners, and Verizon. The transaction closed at $2,975,000 or $551 per square foot. 
The property is situated near the intersection of South La Grange Road and Lincoln Highway, which experiences 56,800 vehicles per day. Surrounding national retail tenants include Mariano’s across the street, Walgreens, Jewel Osco, CVS, Starbucks, Home Depot, McDonald’s and ALDI, among others. Frankfort possesses a strong demographic profile including a one-mile average household income of $145,000 and a five-mile population exceeding 100,000. 
Greenstone Partners navigated through a loan assumption process and exclusively represented the seller, an Illinois-based developer. The buyer was represented by an outside broker, Crossroads Partners. 


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Greenstone Partners

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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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