Chicago & Midwest + Greater Chicagoland + Retail | March 30, 2021

Hanley Makes Retail Pad Sale in Bourbonnais

Hanley Investment Group Real Estate Advisors completed the sale of a new-construction, 9,723-square-foot retail property at Bradley Commons, a Walmart Supercenter-anchored shopping center in Bourbonnais, IL. The sale price was $4,350,000. 

EVPs Jeff Lefko and Bill Asher, in conjunction with ParaSell, Inc., represented the seller, Midland Atlantic Properties of Cincinnati. The buyer was a private investor from Des Moines, IA.

The four-tenant pad building includes Jersey Mike’s Subs with a drive-thru, Midwest Express Clinic, AT&T and uBreakiFix. The 1.29-acre property, which was built in 2018, still includes all of the original tenants.

“We generated multiple qualified offers through the Hanley Investment Group proprietary database and procured a private Midwest-based buyer that recognized the value of an internet-resistant tenant mix, despite the tertiary location,” said Lefko. “The Jersey Mike’s Subs rare end-cap drive-thru, along with the recent expansion and lease extension of Midwest Express Clinic, were key features to the investment.”

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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 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 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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