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Chicago & Midwest  + Greater Chicagoland  + Retail  | 

Hanley Arranges Sale of Kiddie Academy Location in Grayslake

Hanley Investment Group Real Estate Advisors has completed the sale of a new construction, single-tenant net-lease investment occupied by Kiddie Academy at 807 Barron Blvd. in Grayslake, IL. The sale price was $3,725,000, representing a 6.60% cap rate.

Hanley EVPs Jeff Lefko and Bill Asher, in association with ParaSell, Inc., represented the seller and developer, The Woodmont Company, based in Fort Worth. The buyer, a private investor from Fairfax, VA, was represented by Gordon Nielsen, a principal with Summit Commercial Real Estate, LLC of Washington, DC. 

“A daycare center is a very attractive, internet-resistant investment in today’s market for a multitude of reasons,” said Lefko. “One in three families spends 20% or more of their annual household income on childcare. Additionally, with an increasing number of working mothers and single-parent households, and widespread recognition that early learning contributes to life-long success, the demand for quality childcare and early education continues to rise.” 

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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).

  • ◦Sale/Acquisition
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