PARK RIDGE, IL–(November 18, 2015) – Frontline Real Estate Partners has closed the sale of a 16,355 SF retail strip center located at 127-157 N. Northwest Highway in downtown Park Ridge, Illinois. The storefront building consisting of 13 units sold to a local investor for $1,600,000, or $98 per square foot. Prior to closing the sale, Frontline served as the property manager and leasing agent, and increased occupancy by procuring two (2) new tenants at the building.
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.