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Chicago & Midwest  + Illinois + Midwest  + Retail  |  August 15, 2023
Jasmine Kilman
By: Jasmine Kilman

Lee & Associates Negotiates $1.5M Purchase of Retail Center

Lee & Associates, one of the largest national commercial real estate providers, negotiated a $1.5M purchase of an 18,600-SF multi-tenant retail strip center located at 649-655 Railroad Avenue, Round Lake, Illinois.
Rick Scardino, Principal at Lee & Associates, represented the buyer, La Luz Bakery. Tyler Dechter, Senior Associate at Baum Realty, represented the seller, Mon Ami Realty, LLC.

The renovated retail strip center, located across from Round Lake METRA Station, is 100% occupied by five diverse tenants, including a banquet hall, barber, café, toddler indoor playground, and martial arts studio. The building is also shadow anchored by ACE Hardware, Dollar Tree, and Lakes Bowl.

Established in 1979, Lee & Associates is an international firm with offices throughout the United States and Canada, offering an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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