Frontline Real Estate Partners

We Offer Commercial Real Estate

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

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Investments

Chicago Single Tenant Retail Properties

Maywood, Illinois and Oak Lawn, Illinois

Property Type

Single Tenant Triple Net

Property Size

8,200 SF

Acquisition Date

January 2011

Deal Summary:

Frontline Real Estate Partners acquired the note secured by two income-producing properties in the Chicago area. The properties included a White Castle restaurant located in Maywood, Illinois and a Budget Rent-A-Car location in Oak Lawn, Illinois. Frontline completed the foreclosure and took title to the properties within one month of closing on the note acquisition. Frontline created value through negotiating a lease extension with White Castle and completing environmental remediation on the Budget property, ultimately selling both properties within 18 months of acquisition.

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