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Quantum Brokers Melrose Park Retail Deal
Quantum Real Estate Advisors recently brokered the sale of a 138,203-square-foot multi-tenant retail shopping center in Melrose Park, IL, co-anchored by dd’s Discounts and Planet Fitness. The property sold for $11 million to a private real estate investor based in New York City.
The seller, a local property owner from Chicago, was represented by Quantum’s Chad Firsel and Jason Lenhoff. “This was an outstanding opportunity for the buyer to acquire a 95% occupied shopping center at a favorable yield with significant upside,” said Lenhoff. “The property benefits from an increase and upgrade in tenancy, making it one of the more desired locations in the market.”
He added, “The buyer has potential opportunities with an outlot development, leasing some vacancy and increasing rents over time. This was an all-around excellent opportunity for all parties involved.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

