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

September 30th, 2013

FRONTLINE BROKERS SALE OF RESTAURANT PROPERTY IN WAUKEGAN, ILLINOIS

WAUKEGAN, IL--(September 30, 2013) - Frontline Real Estate Partners brokered the sale of 226 Sheridan Road in Waukegan, Illinois. The property is a prominent restaurant location at the corner of Grand Avenue and Sheridan Road in downtown Waukegan. The building is 3,580 square feet situated on 0.58 acres of land. The seller was a banking institution and the buyer was a real estate invetment group based in the northern suburbs of Chicago. The property sold in less than 45 days...

September 26th, 2013

FRONTLINE ENGAGED TO SELL MANOR SQUARE SHOPPING CENTER IN BOLINGBROOK, ILLINOIS

BOLINGBROOK, IL--(September 26, 2013) - Frontline Real Estate Partners has been engaged to the sell the 21,353 square foot Manor Square shopping center at 469-497 S. Weber Road, Bolingbrook, IL. The center, now owned by a Chicago area bank, is located at the northwest corner of Weber Road and Hassert Boulevard. There are nine tenants including Subway, Dairy Queen, and a variety of other local and regional businesses. The property is listed for a price of $2,599,000. The marketing campaign...

September 16th, 2013

FRONTLINE SELLS TWO CONDOMINIUM UNITS IN HIGH END RESIDENTIAL DEVELOPMENT

RIVERSIDE, IL--(September 16, 2013) - Frontline Real Estate Partners closed the sale of two luxury condos in the Riverside Village Center located at 10 E. Burlington Street, Riverside, Illinois. The development is a prominent mixed-use multifamily/retail condominium building located in the heart of downtown Riverside, a historic western suburb of Chicago. The seller was a banking institution and the buyers were both local residents. “The Frontline team led by Eric Jacobson executed two seamless transactions for the disposition of high-end...

July 11th, 2013

FRONTLINE ACQUIRES 500 N. LASALLE, CHICAGO

CHICAGO, IL--(Marketwired - Jul 11, 2013) - A joint venture owned by Frontline Real Estate Partners, LLC and Cedar Street Co. has purchased 500 North LaSalle Drive as part of a larger portfolio of assets acquired by the joint venture last month through the Qualteq Inc. bankruptcy case.Located at the corner of LaSalle Drive and Illinois Street in Chicago's prime River Northneighborhood, the 17,400 square foot building was built in 1887 and became a Chicago Landmark in2001. Formerly Michael Jordan's...

May 31st, 2013

FRONTLINE COMPLETES NEW LEASES WITH MULTIPLE TENANTS IN KANKAKEE, ILLINOIS

KANKAKEE, IL--(May 31, 2013) - Frontline Real Estate Partners has signed new leases with several exciting tenants at The Shoppes at Meadowview, a grocery-anchored shopping center it acquired in December 2011. New tenants include Planet Fitness which has leased 20,000 square feet of retail space for a new health club, and Accelerated Rehab. Frontline completed the leases in conjunction with its joint venture partner Terraco, Inc. and its broker McColly Bennett Commercial based in Kankakee. “We are very excited to...

March 29th, 2013

FRONTLINE ACQUIRES SHOPPING CENTER IN ORLAND PARK, ILLINOIS

ORLAND PARK, IL--(March 29, 2013) - Frontline Real Estate Partners acquired Orland Park Plaza, a 60,000 square foot shopping center on 94th Avenue in Orland Park. The property was acquired via an REO sale from a local banking institution. The center is 76% leased to tenants including Savers, the largest for profit thrift retailer in the United States. Additional tenants include Charter Fitness and Space Golf. “Orland Park Plaza represents a rare opportunity to acquire a well leased retail center...

March 15th, 2013

FRONTLINE SELLS RUBY TUESDAY RESTAURANTS IN CHAPTER 11 BANKRUPTCY

NORTHBROOK, IL--(March 15, 2013) - Frontline Real Estate Partners completed the bankruptcy sale of a portfolio of Ruby Tuesday restaurants throughout Illinois. Frontline served as the court-appointed real estate advisor in the Chapter 11 bankruptcy of RT Midwest, LLC, a Ruby Tuesday franchisee headquartered in Minnesota with locations. Frontline led an expedited marketing process to secure sale-leaseback financing allowing the company to reorganize and exit bankruptcy. A bankruptcy auction was held attracting several sale-leaseback buyers as well as users and...

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