{"id":1004319494,"date":"2019-04-24T02:48:52","date_gmt":"2019-04-24T10:48:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004319494"},"modified":"2025-02-28T00:00:32","modified_gmt":"2025-02-28T08:00:32","slug":"il-dual-tenant-retail-asset-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/il-dual-tenant-retail-asset-changes-hands\/","title":{"rendered":"IL Dual-Tenant Retail Asset Changes Hands"},"content":{"rendered":"
\"2900<\/a>

2900 Colorado Ave. Image courtesy of Quantum Real Estate Advisors <\/em><\/p><\/div>\n

Chicago-based Crosstown Capital Partners has sold a dual-tenant retail asset in Joliet, Ill., to a New York City private investor for $2.7 million. Quantum Real Estate Advisors President Chad Firsel represented both parties. According to Will County Assessor, the property last traded in 2010. <\/p>\n

Located at 2900 Colorado Ave. on a 1.8-acre site, the building is close to Route 30 and less than 1 mile of Interstate 55. The property is adjacent to plenty of other retail options\u2014such as Louis Joliet Mall\u2014and is surrounded by residential buildings. At the time of the sale, Dollar Tree and Osaka Hibachi Grill & Sushi occupied the whole asset.   <\/p>\n

\u201cThe buyer was able to acquire a strategic location within one of the prime corners within the submarket at a low basis. The property has excellent historical occupancy and the tenants continue to thrive,\u201d<\/em> said Firsel, in prepared remarks. At the beginning of April, Firsel was part of the Quantum team that facilitated another retail transaction in Fitchburg, Wis. The company handled the $2.9 million disposition of a 4,442-square-foot, single-tenant asset<\/a>.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to deals@cpe-mhn.com<\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

President Chad Firsel from Quantum Real Estate Advisors represented both parties in the $2.7 million transaction. The property last traded almost a decade ago. <\/p>\n","protected":false},"author":748,"featured_media":1004319569,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21783,13,21742,21749],"tags":[36617],"class_list":["post-1004319494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-investment","category-midwest","category-latest","category-retail","tag-quantum-real-estate-advisors-inc"],"acf":[],"yoast_head":"\nIL Dual-Tenant Retail Asset Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/il-dual-tenant-retail-asset-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IL Dual-Tenant Retail Asset Changes Hands\" \/>\n<meta property=\"og:description\" content=\"President Chad Firsel from Quantum Real Estate Advisors represented both parties in the $2.7 million transaction. 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