September 10, 2021 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of a Retail Plaza in Lombard, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,675,000.
The Retail Plaza is located at 34-54 W Roosevelt Road in Lombard, Illinois. Originally constructed in 1963, the plaza contains 15,000 square feet of gross leasable area on a 0.72-acre parcel. The Property is 100% leased to a complimentary mix of nine (9) local tenants that serve the needs of the local residents. The highly visible Property is strategically located along W Roosevelt Road (IL Route 38), the region’s primary commercial corridor 500 feet from the signalized intersection with Main Street. The Property enjoys two points of access and outstanding visibility from W Roosevelt Road and is surrounded by national retailers, large-scale apartment communities (International Village, Iron Gate & Glen Ellyn), and residential condominium communities (Point West & Collen Court). Furthermore, the Property benefits from close proximity to Interstate 355 (1-mile away), Interstate 88 and the Yorktown Center Mall, a 1.5 million square foot shopping destination with more than 150 stores, 20 restaurants, a Westin Hotel, and a movie theatre, both approximately 2-miles away.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the 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.