July 19, 2024 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of the Fountains at Town Center in Carol Stream, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $4,350,000.
The Fountains at Town Center are located at 1021 Fountain View Drive in Carol Stream, Illinois. Originally constructed in 2006, the center contains 27,050 square feet of gross leasable area on a large 3.27-acre parcel. The Property is currently 55.34% leased to an attractive mix of tenants (including three restaurants, a hair salon, a nail salon, and a dry cleaner) that serve the surrounding community and draw traffic to the property. The center has 12,081 square feet of vacant space (four suites), that offer the opportunity to add value via lease up. The highly visible Property is strategically located along W Lies Road, one of the region’s primary commuter corridors 500 feet from the signalized intersection with N Gary Avenue. The Property enjoys three points of access and outstanding visibility from W Lies Road and is close to national retailers, large-scale shopping centers and densely developed residential neighborhoods. The Property is a short distance from a busy retail area along West Army Trail Road, which offers a number of retail, dining, entertainment, and lifestyle amenities, as well as the Stratford Square Mall. Carol Stream is also home to a large concentration of business operations, which brings a large employee population to the area. Carol Stream is located in DuPage County, approximately 30 miles west of Chicago. DuPage County is the second largest in Illinois (behind Cook County) and one of the most affluent in the state.
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.