RESolutions News 12/2017

December 13, 2017 – RESolutions sells Peoria apartment portfolio and hires Patrick Schenk.

resolutions commercial real estate chicago - logo
COMPANY NEWS:

ANNOUNCEMENT:

RESolutions represents Asian buyer in purchase of Peoria multifamily assets.


NEW HIRE:

Patrick Schenk has joined RESolutions.


REFERRAL REWARDS:

Contact us to learn how you can easily monetize your real estate network by referring business to us.



CONTACT US:

RESolutions

Property Management,

Investment Sales & Leasing

  Send us an Email

Phone: (312) 257-3252

Web: www.resolutionsemr.com

Address:  79 W Monroe, Suite 905, Chicago, IL  60603


SOLD: Peoria Apartments Purchased by Asian  Investor

(Peoria, IL) – RESolutions is pleased to announce its representation of an Asian buyer in the recent purchase of a 33 unit apartment portfolio located on Moss Avenue in Peoria, Illinois for $1.3 Million. While not exclusively leased to students, the properties’ location between the University of Illinois Medical School and Bradley University, results in a strong student occupancy.

Brian Goldman and Saar Schnitman identified the opportunity and represented the buyer in the purchase. In order to complete the transaction, we also negotiated a release of a potentially detrimental easement over the property by the owner of the land next door.

NEW HIRE

Patrick Schenk

Associate

Property Management & Leasing           

patrick schenk - resolutions real estate

RESolutions is pleased to announce that Patrick Schenk has joined the company in the Property Management & Leasing group. 

Patrick graduated from DePaul University’s Driehaus College of Business this past spring after successfully completing his degree in Real Estate Finance. Patrick comes to us from The Walsh Group and will be initially working on property management and leasing.

Please note:  This is an opt-in newsletter and is only received by those who joined it or have had interactions with RESolutions EMR.  RESolutions EMR respects your privacy and will never share your email address or any other personal information with anyone.

 

 

Fountain Park Shopping Center in Schererville, IN

commercial real estate chicagoCLIENT: Regional Bank
ASSIGNMENT: Receivership, Property Management, Leasing & Disposition
STATS: 3 building, 94,000 SF multi-tenant shopping center located along retail corridor in Schererville.  Recent departure of Ashley’s furniture requires backfill to maximize property’s potential.

FOR LEASE: Contact Brian Goldman at 312.257.3252

FOR LEASE: Prime Retail Space in Crest Hill

Endcap location (1,565 SF to 3,130 SF) next to new Amazon Distribution Center available for immediate occupancy! Come join existing tenants La Danse Academy, Hour Playhouse, 160 Driving Academy, as well as Best Practices Staffing.

 

Ample parking and large pylon signage attract shoppers!

FOR LEASE: High Traffic Location in Melrose Park

Come join Autozone, AT&T, Verizon, as well as Subway in the last store available in this 40,000 SF. High traffic exposure – 47,000 VPD. Up to 16,000 SF, divisible down to 2,000 SF.

 

Generous TI Allowance available.

FOR LEASE: Gurnee Medical Office

Join various medical tenants in this beautifully landscaped professional building with immediate availability and flexible size range.  Located in Lake County, one block east of Route 41, with easy access to I-94.

Value-Add Multi-tenant Office Building in Kenosha

This 8-story, 35,000 square foot multi-tenant office building in Kenosha’s vibrant downtown area is available and includes a 144 unit parking structure. Currently, the property is 58% occupied with long term tenants and provides excellent value-add potential with a pro-forma cash-on-cash return in excess of 20%.

FOR LEASE: Professional Office Building in Mishawaka, IN

Many office sizes to choose from in this well-located and first class Mishawaka office building. Choose from built-out units or design your own space to suit your company’s needs.

Located in affluent Mishawaka adjacent to South Bend, Indiana, this is a solid value-add opportunity recently foreclosed by a local bank. The property currently has three tenants that occupy approximately 55% of the building. Currently there are suites available from 723 – 8,344 SF in this 35,000 SF Class A office building.

• Ideal for medical office and other professional service firms
• Located in Edison Lakes Corporate Park
• Turnkey suites with high quality finishes and shell spaces available
• Flexible mix of suite sizes
• Full second floor of 8,343 sf available for single user
• 126 surface parking spaces
• Municipal water and sewer

 

Railway Plaza, Naperville, IL

Railway Plaza, Naperville, ILCLIENT: PRIVATE REAL ESTATE FUND
ASSIGNMENT: Receivership, Property Management, & Leasing
STATS: 15,250 SF multi-tenant retail strip center in the far west Chicago suburbs.