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 45 days of listing the property.
“We were very successful in capturing the interest of several local and national investors seeking to capitalize in this rapidly expanding trade area,” said Josh Joseph, Principal of Frontline Real Estate Partners. “We used our momentum to create a competitive bidding process that ultimately brought our bank client a highly competitive price with a quick closing timeline.”
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.
