Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
GW Trades Mt. Prospect Retail to California Buyer
JLL Capital Markets closed the $3.95-million sale of a multi-tenant retail building net leased to three tenants in Mt. Prospect, IL. A team of Alex Sharrin and Alex Geanakos worked on behalf of the seller, Chicago-based GW Properties. Los Angeles-based Harold Davidson & Associates, Inc. purchased the asset.
Originally constructed in 1966, the building was completely renovated in 2019 with additional parking added. It is fully leased to three tenants in the medical, restaurant and wireless service industries.
Situated on 0.69 acres at 920 E. Elmhurst Rd., the property is at the intersection of intersection of Rand and Elmhurst roads, exposing the property to 45,000 vehicles a day, and is within a concentrated retail block. The property is in a dense, affluent area with 117,000 residents who have an average annual household income of $113,000 within a three-mile radius of the property.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
