Press Release brought to you by Lee & Associates

Lee & Associates represents Inland in the sale of Mundelein Plaza

02/11/2016
MUNDELEIN, Ill.—January 13, 2015— Lee & Associates,
one of the largest national commercial real estate providers
with regional expertise, has closed a sales transaction for a
16,803-square-foot retail neighborhood convenience center
known as Mundelein Plaza located at 1460-1492 Townline
Road in Mundelein.
The 100% occupied suburban strip center is located just
two miles west from Westfield’s newly renovated Hawthorn
Center. The plaza is a single-story multi-tenant building built in
1989 that contains 16,803 square feet of leasable area and
six tenants including Stone Habitat, Mundelein Polish Deli,
and Posterworks Gallery & Frame. The plaza is an out parcel
to The Great Escape; the self-styled largest retailer of home
leisure products in the Midwest.
Principal Rick Scardino and Vice President Edward Winslow,
at Lee & Associates’ Illinois office, represented the seller, Inland
Real Estate Corporation. The buyer in the transaction was a
private investor.
01/13/2016 - 05:00

Source

Lee & Associates

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