July 14, 2021 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of the Crossing Shops in Chicago, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,200,000.
The Crossing Shops is located at 5322 S Archer Avenue in Chicago, Illinois. Originally constructed in 1989, The Crossing Shops contains 14,321 square feet of gross leasable area on a 0.51-acre corner parcel. The Property is 100% leased to a complimentary mix of eight (8) local tenants that serve the needs of the local residents. The Crossing is a highly visible property strategically located along S Archer Avenue, one of the region’s primary commercial corridors, and just 500 feet from the signalized intersection with Cicero Avenue (IL Route 50). The Property enjoys two points of access and outstanding visibility from S Archer Avenue and is surrounded by dense retail neighborhoods, national retailers, and numerous commercial and manufacturing businesses. Furthermore, the Property is just ½-mile away from Chicago Midway International Airport, and 1-mile from Interstate 55.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.