December 20, 2024 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of Kirkland Towne Center in Batavia, Illinois. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,100,000.
The Kirkland Towne Center is located at 1351-1387 Wind Energy Pass in Batavia, Illinois. The plaza contains 18,315 square feet of gross leasable area on a 1.41-acre parcel. The Property contains nine (9) retail suites and is 83.01% leased to a complimentary mix of local tenants that serve the needs of the area residents. The Property offers significant upside through the lease-up of the two (2) vacant units totaling 3,111 square feet. The highly visible Property is strategically located at the signalized intersection of Wind Energy Pass and Kirk Road, one of the region’s primary north-south commuter roads. The Property is 0.8-miles from a commercial cluster that is home to Walmart, Walgreens and several nationally branded restaurants that drive traffic to the area and is surrounded by densely populated residential neighborhoods and area schools, all of which provide a captive consumer base. Kirkland Towne Center is 2-miles from Interstate 88, is convenient to IL Routes 56, 25, 31, and 59, and is 35-miles from Downtown 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.