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 Estate Partners, LLC is a Chicago-based real estate investment and advisory company with expertise in the acquisition, management, disposition, and leasing of commercial 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.