General Archives - Page 13 of 14 - Frontline Real Estate Partners

December 5th, 2013

FRONTLINE CLOSES SALE OF 14-UNIT MULTIFAMILY DEVELOPMENT IN RIVERSIDE, ILLINOIS

RIVERSIDE, IL--(December 5, 2013) - Frontline Real Estate Partners closed the sale of the Riverside Village Center, a prominent mixed-use condominium development located at 10 E. Burlington Street in the historic downtown district of Riverside, Illinois. The sale included ten residential and four commercial condos with an occupancy rate of 80%. The asking price of the 14-unit portfolio was $6,370,000. The seller was a banking institution and the buyer was a local investor. About Frontline Real Estate Partners Frontline Real...

November 26th, 2013

FRONTLINE CLOSES SALE OF MANOR SQUARE SHOPPING CENTER IN BOLINGBROOK, ILLINOIS

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...

November 26th, 2013

FRONTLINE ACQUIRES 80,000 SF OFFICE/FLEX PORTFOLIO IN KNOXVILLE, TENNESSEE

KNOXVILLE, TN--(November 26, 2013) - Frontline Real Estate Partners closed today on the acquisition of the Knoxville Office Flex Portfolio. The portfolio consists of two office/flex buildings totaling 80,000 square feet located in the high growth area of West Knoxville. The buildings are currently 72% leased to a strong roster of tenants including Team Health, Guardian Pharmacy, Direct Buy, and Sun Tan City. “We are pleased to add the Knoxville properties to our growing real estate portfolio,” said Mitch Kahn,...

November 22nd, 2013

FRONTLINE BROKERS SALE OF CONDO & TOWNHOME PORTFOLIO IN MELROSE PARK, ILLINOIS

MELROSE PARK, IL--(November 22, 2013) - Frontline Real Estate Partners brokered a portfolio sale of eleven condos and two townhomes located in the Thatcher Woods development at 1650 Riverwoods Drive, Melrose Park, Illinois. The seller was a bank and the buyer was a Chicago based investor. Josh Joseph, Principal of Frontline Real Estate Partners, said that Frontline was able to quickly establish a bid deadline and procure multiple buyers to compete in a best and final round of bidding. “Our...

November 21st, 2013

FRONTLINE BROKERS SALE OF OFFICE BUILDING IN NILES, ILLINOIS

NILES, IL--(November 21, 2013) - Frontline Real Estate Partners brokered the sale of a 32,667 square foot office building located at 7449 Natchez Avenue in Niles, Illinois. The seller was a bank and the buyer was a local business. Frontline’s marketing program was successful at procuring multiple offers that resulted in a quick closing above the $1,199,000 list price. According to Andrew Rubin, associate at Frontline Real Estate Partners, “This sale is very much reflective of the north suburban office...

October 31st, 2013

FRONTLINE COMPLETES GROUND LEASE WITH MCDONALD’S IN FARMINGTON HILLS, MICHIGAN

FARMINGTON HILLS, MI--(October 31, 2013) - Frontline Real Estate Partners completed a ground lease with McDonald’s for 1.4 acres of the 9.38 acre site acquired in November 2012. The parcel is leased to McDonald’s on a 20 year ground lease. Frontline is developing the remaining acreage into additional retail uses along with an existing Enterprise Rent-A-Car facility. The property is located at the heavily trafficked corner of Grand River Avenue and Drake Road in Farmington Hills, Michigan. Farmington Hills is...

October 9th, 2013

FRONTLINE BROKERS SALE OF SHOPPING CENTER IN WEST CHICAGO, ILLINOIS

WEST CHICAGO, IL--(October 9, 2013) - Frontline brokered the sale of 191 W. North Avenue, West Chicago, Illinois. The property consisted of a 12,000 square foot shopping center and an adjacent 1.5 acre lot of developable land near the intersection of North Avenue and Route 59. The seller was a Chicago-based bank, and the buyer was a California based investor. Frontline was able to quickly implement a high-exposure marketing program that resulted in multiple competing offers and a closing within...

October 9th, 2013

FRONTLINE HIRED TO SELL GAS STATIONS IN CHICAGOLAND AREA

NORTHBROOK, IL--(October 9, 2013) - Frontline Real Estate Partners has been engaged to market for sale four (4) gas station properties in the Chicagoland area. The gas stations include both operating and closed stations and are located in Chicago, Des Plaines, Park Ridge, and Peru. The properties are being sold on behalf of bank institutions and include foreclosed and REO properties. “Our team has sold and owned many gas stations over the years and we are looking forward to the...

September 30th, 2013

FRONTLINE BROKERS SALE OF RESTAURANT PROPERTY IN GRAYSLAKE, ILLINOIS

GRAYSLAKE, IL--(September 30, 2013) - Frontline closed the sale of 719 Barron Boulevard in Grayslake, Illinois. The property is a prominent 4,728 square foot vacant restaurant facility formerly known as Pat’s Pizza. Within 45 days of being hired by a Chicago-based bank to manage and sell the asset, Frontline sold the property to a local business that intends to convert the building into its new office. “The former Pat’s Pizza facility was with filled with decades of history. This transaction...

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