BOLINGBROOK, IL–(November 26, 2013) – Frontline Real Estate Partners has closed the sale of the Manor Square shopping center located at 497 S. Weber Road, Bolingbrook, Illinois. The closing occurred just two months after Frontline initiated its marketing campaign for the 21,353 square foot retail property with an asking price of $2,599,000. Andrew Rubin, associate at Frontline Real Estate Partners, said the marketing process was structured to quickly generate several competing offers and form a competitive bidding environment. The result of the process was a highly competitive price that was monetized in the shortest possible timeframe. The buyer was a retail investment group and the seller was a banking institution.
About Frontline Real Estate Partners
Frontline Real Estate Partners, LLC is a Chicago-based real estate investment and advisory company with expertise in the acquisition, management, disposition, and leasing ofcommercial real estate properties throughout the United States.Founded in 2010, Frontline invests in value-add properties and provides transactional and advisory services to banks, financial institutions, and owners with a focus on the real estate restructuring industry.