November 21, 2022 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of a Retail Plaza in Westmont, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $2,400,000.
The Retail Plaza is located at 15-17 W Ogden Avenue (US Route 34) in Westmont, Illinois. The plaza contains 18,000 square feet of gross leasable area on a 0.89-acre parcel. The Property is 100% leased to a complimentary mix of tenants including Pizza Hut and Vaperz, that serve the needs of the local residents. The highly visible Property is strategically located along W Ogden Avenue, the area’s primary commercial corridor 500 feet from the intersection with Cass Avenue. The Property enjoys two points of access, outstanding visibility, and is surrounded by national retailers and restaurants along W Ogden Avenue and densely populated residential neighborhoods and large-scale apartment communities to the north and south of the Property. Furthermore, the Property benefits from close proximity to The Kingery Highway (IL Route 83) and Interstates 88, 355 and 294.
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.