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Chicago & Midwest  + Greater Chicagoland  + Retail  | 

Private Firms Trade Multi-Tenant Vernon Hills Retail

Quantum Real Estate Advisors has brokered the sale of a multi-tenant retail shopping center at 271 Townline Rd. in Vernon Hills, IL. The property sold for $6,800,000. 

At the time of sale, the property was 100% occupied by Starbuck’s, For Eyes, Maciano’s Pizza, FedEx, Cold Stone Creamery, and a few local tenants. 

Both the buyer and seller were private real estate investment firms based in Chicago. Jason Lenhoff, SVP of Quantum, represented the buyer. 

“Aspen Pointe is a terrific location,” said Lenhoff. “It is within close proximity to the regional mall, has excellent frontage on the main road, and has excellent credit tenants.” 

He continued, “The buyer was in an exchange and was able to quickly identify this property and close. The location and tenants are both a great long-term investment for this buyer.” 

Connect

Inside The Story

Quantum RE’s Lenhoff

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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