June 12, 2025 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of Meadowbrook Shopping Center in Glendale Heights, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $3,720,000.
Meadowbrook Shopping Center is located at 314-340 Army Trail Road in Glendale Heights, Illinois. Meadowbrook Shopping Center is a 21,000 square foot retail center positioned on a 2.04-acre corner parcel of land. The Property has twelve retail suites and is 95% leased to a strong mix of tenants that cater to the needs of the residents. Constructed in 1986, Meadowbrook Shopping Center enjoys outstanding visibility and frontage and was recently renovated with new exterior paint, new asphalt for the parking lot, and new signage. The Property is 95% leased and offers upside through the lease up of a vacant 1,000 square foot unit. Meadowbrook Shopping Center is strategically located at the signalized intersection of George Bell Drive and Army Trail Road, one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage and visibility and sees more than 44,400 vehicles per day. The Property is surrounded by national retailers and restaurants (including Walmart Supercenter & Target), and several large concentrations of industrial buildings that drive traffic to the area. Additionally, Meadowbrook Shopping Center is convenient to densely populated residential neighborhoods and area schools that provide a built-in customer base. The Property is close to Interstate 355 and US Route 20 and is approximately 25-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.