Greenstone Partners, a Chicago-based commercial real estate brokerage firm, has successfully sold a multi-tenant retail center located at 535 Fairway Drive in Naperville, Illinois. The property is currently 82% leased and spans over 15,370 square feet. It is strategically situated near the Route 59 Metra station and sits between Downtown Naperville and Aurora – two of the busiest retail areas in suburban Chicago.
The sale was facilitated by Malek Abdulsamad of Greenstone Partners who generated multiple offers for the property. Ultimately, an Illinois-based private investor was chosen as the purchaser. This prime location is just two miles from Interstate 88 and has recently undergone significant improvements with nearly $300,000 invested in capital upgrades and tenant improvements.
Anchored by a primary care clinic with a newly signed lease for ten years, this investment opportunity sold for $2.7 million – representing an impressive 95% of its list price. Greenstone Partners specializes in providing advisory services for investment sales across all types of properties throughout Chicago.
