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Net-Leased Retail Sells in South Holland
JLL Capital Markets closed the $2.7-million sale of a three-tenant, net-leased, 5,000-square-foot retail building occupied by three essential retail tenants in South Holland, IL.
The firm marketed the property on behalf of local developer Glazier Corporation. A private investor out of Southern California purchased the asset.
The property is anchored by Chipotle, a corporate wireless provider and JJ Fish & Chicken. Chipotle has been a tenant since the building was constructed in 2018, and all three tenants have been allowed to stay open during the COVID-19 pandemic due to their essential nature.
The JLL Capital Markets team representing the seller was led by managing director Alex Sharrin, director Alex Geanakos and analyst Eric Cline.
“Infill retail with a strong credit mix continues to garner private capital interest,” said Sharrin.
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- ◦Sale/Acquisition
- ◦Lease
