December 8, 2023 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of Tower Station Center in West Chicago, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,450,000.
Tower Station Center is located at 956 N Neltnor Boulevard in West Chicago, Illinois. The plaza was constructed in 2005 and contains 23,184 square feet of gross leasable area on a 2.84-acre parcel. The Property has eleven (11) suites and is 73 % leased to a complimentary mix of local tenants that serve the needs of the area residents. The Property offers upside through the lease up of the existing vacant space, and by bringing current tenants to market rates upon their lease renewals. The Property has two vacant suites with a total of 6,304 square feet. The spaces offer a variety of sizes allowing for a broader range of prospective tenants. The Property enjoys outstanding visibility and frontage along N Neltnor Boulevard (IL Route 59), the area’s primary commercial and commuter corridor, and benefits from prominent signage and multiple points of access. The Property is surrounded by high-density residential neighborhoods providing a built-in customer base for the tenants in the plaza. The Property is 1-mile from IL Route 64, 1.4-miles from the West Chicago METRA Station, and 3-miles from IL Route 38. West Chicago is located in DuPage County, approximately 30 miles west of Chicago.
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.