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Chicago & Midwest  + Greater Chicagoland  + Retail  |  June 20, 2022
Quantum Real Estate Advisors arranged the sale of a Walgreens in Wheaton, IL, which traded in a 1031 exchange
By: Paul Bubny

Quantum Brokers 1031 Deal for Suburban Walgreens 

Quantum Real Estate Advisors arranged the sale of a 14,409-square-foot Walgreens in Wheaton, IL. Built in 2010, the property sold for $11,631,068. There were roughly 13 years remaining on the original 25-year Walgreens lease.  

The buyer was a private, 1031 exchange investor based in New York. The seller was a Midwest-based REIT.  

Quantum EVP Daniel Waszak represented the buyer. “this was one of the last properties in a multi-leg 1031 exchange,” said Waszak. “The buyer felt the strong location, strong sales, and strong tenant credit made this a high-quality, long-term investment.”  

He continued, “High-quality real estate, such as this property, continues to be in demand. The age-old real estate adage of ‘location, location, location’ has never been more important than today. This property, in a high-income suburb of Chicago, is emblematic of that mindset. 

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Inside The Story

Quantum's Waszak

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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