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Chicago & Midwest  + Greater Chicagoland  + Retail  |  December 7, 2018
Paul Bubny
By: Paul Bubny

Hanley Arranges Trio of Net-Leased Retail Deals

Hanley Investment Group Real Estate Advisors recently completed sales of three single-tenant retail properties in Illinois in separate transactions for a total of $5.2 million. According to Hanley, all three sales were significant because they had less than eight years of lease term remaining. The properties are located in Woodridge, Arlington Heights and the St. Louis suburb of O’Fallon, IL.

Group VP Jeff Lefko and EVP Bill Asher arranged the sales of a Carrabba’s Italian Grill ground lease in Woodridge; a Chili’s Grill & Bar in Arlington Heights; and a MedExpress Urgent Care ground lease in O’Fallon. Lefko and Asher represented the sellers on all three deals.

“Despite rising interest rates, these sales highlight the continued demand for well-located, single-tenant, net-lease corporate-guaranteed properties,” said Asher. “However, it continues to be vital that assets are priced in accordance with the transitioning market if we’re to see transaction velocity increase moving forward.”


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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).
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