July 30, 2024 – Mark Heidecke, Thomas Shanley and Uriel Escobar of Horvath & Tremblay have successfully completed the sale of a Retail Plaza in Joliet, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $650,000.
The Retail Plaza is located at 27-37 E Cass Street in Joliet, Illinois. The Property is a 12,303 square foot retail plaza on a 0.37-acre parcel that is 100% leased to a complimentary mix of tenants. The Property has in-place rents that are significantly below market and offers upside through aggressive management and lease renewals or negotiations with existing or second generation tenants. The Property is positioned at a signalized intersection and benefits from outstanding visibility and frontage along N Scott Street and E Cass Street (US Route 30), the area’s primary commercial corridor. The location is positioned in the heart of downtown Joliet and offers convenient access to area employers, municipal offices, grocers, restaurants, retail amenities, and outdoor activities. 27-37 E Cass Street is ideally positioned with quick and convenient access to public transportation including the Joliet Transportation Center with METRA service and the Pace bus line (0.4-miles) and area highways including US Routes 30, 6, and 52, and Interstates 80, 55, and 355. Joliet is a city in Will and Kendall counties and is the third largest city in Illinois. Joliet is located 30 miles southwest of the Chicago Loop and offers convenient access to the city via Interstates and Metra Trains.
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.