Quantum Real Estate Advisors Brokers Sale of Starbucks-Anchored Retail Strip

Quantum Real Estate Advisors, Inc. has brokered the sale of Ryan Plaza, an approximately 15,500-square-foot multi-tenant strip center located at 1534 E. Algonquin Road, Algonquin, Illinois.

The property sold for $2.4 million. The buyer, Curbline Properties, is a public REIT. The seller is a REIT based in the Southeast. Dan Waszak, Executive Vice President and Brett Berlin, Senior Vice President, represented the seller in the transaction. “Ryan Plaza checks every box investors are looking for in a suburban strip center today,” said Berlin. It’s an infill site on one of the
busiest corridors in the northwest suburbs, shadow anchored by a high-volume Jewel-Osco.”

The property benefits from visibility in a high-traffic retail corridor. “The buyer was immediately drawn to the asset – it’s located in an affluent, supply-constrained submarket,” added Waszak. “The center offers a balanced mix of national credit, service and medical tenants.” Quantum Real Estate Advisors specializes in investment sales and full-service leasing.

The post Quantum Real Estate Advisors Brokers Sale of Starbucks-Anchored Retail Strip appeared first on Connect CRE.