Lee & Associates Negotiates Sale of Retail Center in Lake Zurich

Lee & Associates of Illinois has negotiated the $1.17 million sale of Deertrail Court, a 9,800-square-foot strip center at 884 S Rand Road, Lake Zurich.

The seller was represented by Rick Scardino, principal, and Michael Petrik, associate, of Lee & Associates. The buyer, N.D.C.V.G. Properties, LLC, was represented by Adam Foret of CBRE.

Built in 1980, the center holds solid occupancy with tenants including Eye Level Learning Center, Mimi Nails, Nova Care Rehabilitation, Rush Physical Therapy and Sake Sush & Grill.

“The buyer is local and will be very hands on with this center. Physical property upgrades were completed just days after closing, with more in the works,” said Scardino. “Ownership’s desire to re-vamp the appearance of this Walmart shadow-anchored center on a bustling stretch of Rand Road will be well received by the existing and new tenants in the months to come,” he added.

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