@properties Commercial Brokers Chicago-Area Sales Transactions

USA - English

• USA - English

CHICAGO, Oct. 18, 2018 /PRNewswire-PRWeb/ -- @properties Commercial recently brokered 11 Chicago-area commercial transactions totaling nearly $14 million in sales. The transactions include:

• The creators of Little Bad Wolf, an Andersonville bar and eatery serving craft beer, artisanal cocktails and upscale bar food, will open a new restaurant concept in Logan Square after purchasing a 3,000-square-foot freestanding restaurant at 2833 W. Armitage Ave. Previously, the property was occupied by Ugo's Kitchen and Bar – an Italian restaurant. Ryan Hanley and Nate Grill of @properties Commercial's The Hanley Group represented the buyer. Brian Laskov of Kudan Group represented the seller in the $715,000 transaction, which included the business and real estate.
• Kevin Rocio, team lead of @properties Commercial's ROC Realty Group, represented the buyer of a 5-building multi-family portfolio on Chicago's South Side. Rocio assembled the portfolio from two individual sellers. The buyer, an international investor, paid $2.7 million for the buildings. With 57 total units, the collection of properties includes 7722 S. Jeffery Blvd., 7754 S. Colfax Ave., 7830 S. Essex Ave., 8109 S. Colfax Ave., and 8121 S Colfax Ave. – all located at the border of the South Shore and South Chicago neighborhoods.
• Larry Cohn, senior broker for @properties Commercial, represented the seller of W-R Chemical Co. in the $750,000 sale of a 17,000-square-foot building at 2303 W. 18th St., in Chicago's Pilsen neighborhood. Michael Richwine of @properties Commercial represented the buyer, Froomer Pictures LLC, which intends to re-purpose the space from light industrial to a film studio for food commercials.
• James Scully of @properties Commercial represented a private seller in the $380,000 sale of a vacant two-story building and adjacent lot at 2157-2159 W. 21st Pl., in Pilsen. The private buyer intends to demolish the property and build a new 6-flat apartment building in the rapidly-appreciating area. Scully was the sole broker in the transaction.
• Scully also represented a private buyer in the acquisition of a 6-flat at 3300 W. Pershing Rd., in Chicago's Brighton Park neighborhood, for $280,000. The 5,400-square-foot building will undergo a gut rehab. According to Scully, the project will yield a 12% cap rate upon completion. Scully was the sole broker in the transaction.
• Kevin Rocio of @properties Commercial solely brokered the sale of a vacant church at 617 W. Evergreen Terr. in Old Town, on behalf of a private owner. Rocio said the property was under contract within 20 days with multiple offers, after previously spending 345 days on the market with another firm. The property was purchased by a local event company for $750,000.
• Rocio also represented a private owner in the sale of a 6-unit apartment building at 15201 Orlan Brook Dr., in Orland Park. LaNita Cates of RE/MAX Ultimate represented the buyer, a private investor who paid $720,000 for the property.
• Dan Stratis, managing broker for @properties Commercial, and Mike Rourke of @properties Commercial, represented a private investor in the sale of a 50,000-square-foot office and retail property at 19081 Old La Grange Rd., in Mokena, for $3,700,000. Bill Groebe of Coldwell Banker represented the buyer, also a private investor. At the time of the sale, the property was 100-percent leased to a mix of retail and office tenants including DOC's Smokehouse. According to Stratis, the sale represents the largest transaction of an investment property in the Mokena market in the past five years.
• Dan Stratis and Joseph Kunst of @properties Commercial represented a private investor in the sale of a 28,000-square-foot retail shopping center at 6925-37 Joliet Rd., in Indian Head Park, for $2,750,000. According to Stratis, the property is a stabilized asset – with a strong mix of retail tenants including State Farm, Ombudsman and Wolf Head Inn – and will provide a solid return to the buyer. Larry Katz from Saber Realty represented the buyer, a private investor.
• Stratis also solely brokered the $350,000 sale of a 4,500-square-foot commercial/retail building at 204 S. Villa Ave., in Villa Park, on behalf of a private seller. The building was vacant for five years prior to the sale, and will open as a restaurant to add to the revitalization of Villa Park's downtown district.
• Mike Rourke and Joseph Kunst of @properties Commercial brokered the sale of a 6,000-square-foot, multi-tenant retail property at 58 E. Northwest Hwy., in Des Plaines. Rourke and Kunst represented the seller, a private investor, in the $895,000 sale. AJ Jacobs of HSA represented the buyer, a private investor.

About @properties Commercial
@properties Commercial is the full service commercial real estate division of @properties, the Chicago area's largest brokerage firm by sales volume. @properties Commercial focuses on all asset classes within commercial real estate including multifamily, retail, office, industrial, land, hospitality, as well as specialty properties. Services include investment sales, commercial leasing, investment-advisory services, asset management, receivership and consulting. For more information, visit http://www.atproperties.com/commercial.

SOURCE @properties

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