Frontline Real Estate Partners

We Offer Commercial Real Estate

Sales, Leasing, Receivership, Property
Management, Advisory, Valuation

16
Sep, 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 penthouse units within the Riverside Village Center,” stated Josh Joseph, Principal of Frontline Real Estate Partners, who then added, “we always strive to maximize value in the shortest possible timeframe, and these two closings were textbook examples of our success in achieving these goals.”

Frontline has been managing, leasing and marketing the bank-owned portfolio of twelve residential and four commercial condominiums at the development since January 2013. According to Eric Jacobson, an associate at Frontline Real Estate Partners, “these two closings were an excellent opportunity for our client to reduce their basis in the deal and obtain a strong market price for those units. As for the rest of the units, Frontline has negotiated a package deal and they are currently under contract with a local investor.”

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.

Back to Blog

Recent Posts

How to Value Commercial Land: A Step-by-Step Guide

Determining the value of commercial land is a crucial step in any real estate investment. Whether you're buying, selling, or developing, accurate land valuation helps you make informed decisions and avoid costly mistakes. Understanding Commercial Land Value Before diving into calculations, it's important to understand what makes commercial land valuable. Unlike developed properties, land value depends on: Future development potential Current zoning restrictions Location and accessibility Available utilities and infrastructure Environmental conditions Market demand Basic Measurements and Terms You need...

read more

The 5 Types of Industrial Real Estate

At Frontline Real Estate Partners, we've had a front-row seat to the industrial real estate sector's transformation into a commercial property market powerhouse. The explosive growth of e-commerce and the evolution of supply chain strategies have made understanding the nuances of industrial real estate more crucial than ever. Let's take a deep dive into the various types of industrial properties that are shaping today's market. 1. Warehouses and Distribution Facilities Warehouse and distribution facilities are the backbone of the industrial...

read more

The Shift Towards Mixed-Use Developments in Urban Chicago

Chicago, a city known for its architectural innovation and urban landscape, is witnessing a significant shift towards mixed-use developments. This trend, blending residential, commercial, and recreational spaces, offers a holistic approach to urban living. What are Mixed-Use Developments? Mixed-use developments integrate various types of real estate, such as housing, offices, retail shops, and public spaces, into a single complex. This approach contrasts with traditional urban planning, where different zones are distinctly separated. Benefits of Mixed-Use Development in Chicago The shift...

read more

Sign Up to Receive Updates and News About Frontline

Join Mailing List