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Chicago & Midwest  + Greater Chicagoland  + Retail  | 
Quantum Real Estate brokered the sale of an 89,000-square-foot shopping center in Rockford, IL

Quantum Brokers Rockford Sale to Dallas REIT 

Quantum Real Estate Advisors brokered the sale of a roughly 89,000-square-foot shopping center in Rockford, IL. The property was 100% leased at the time of sale, anchored by Ross Dress for Less and Best Buy, among other in-line tenancy. Also included in the sale was an outparcel which is primed for future development.  

The seller, Core Acquisitions, LLC., a prominent Chicago-based investment and development firm, was represented by Quantum president Chad Firsel, The buyer is a Dallas-based REIT and was represented by Quantum EVP Daniel Waszak.  

“The seller was able to successfully execute their business plan during their hold period,” said Firsel. “By extending leases, re-tenanting certain spaces, and investing capital improvement dollars, he was able to create significant value.”  

Waszak added, “Even with all the talk of a ‘retail apocalypse’ or the death of brick-and-mortar retail, this transaction shows the continued demand for this property type.”  

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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).

  • ◦Sale/Acquisition