November 2022 Market Update
Warehouse demand is cooling down from red hot to medium hot. Industrial vacancy ticked up in the third quarter from 3% to 3.2%, as developers completed a record 148 million square feet. Warehouse tenants occupied 108 million square feet in the quarter, down 18% from the prior three months, in the first national quarterly decline [...]
1807-1817 Broadway St, Pekin, IL – Shopping Plaza
We are pleased to announce the sale of Broadway Plaza shopping center located at 1807-1817 Broadway St, Pekin, IL. The firm represented the Seller and the Buyer in the sale of this 83.3% occupied value-add investment opportunity. We received multiple offers from local and out of state investors within the first months of marketing and [...]
1155 N Main St, Glendale Heights, IL – Office Sale Lease-Back
We are pleased to announce that Golden Group Real Estate facilitated the sale of a 42%-occupied turn-key medical/office building located at 1155 N Main St, Glendale Heights, IL. The buyer secured a long-term lease with the seller in this sale lease-back opportunity. The property offered the new owner a stable return while providing an opportunity to [...]
1780 Maple St, Northfield, IL – Multi-Tenant Office Investment
We represented the Seller and the Buyer in the sale of a 71%-occupied office building located in the affluent suburb north of Chicago at 1780 Maple St, Northfield, IL. The property was purchased by a user owner and investor. The property offered a new owner an excellent opportunity to acquire an income-producing building while using [...]
1104-1120 E Oak St, DeKalb, IL 60115 – Industrial Portfolio
We are pleased to announce the sale of 3 industrial buildings portfolio totaling 64,400 SF, located at 1104-1120 E. Oak St, DeKalb, IL. Here is what the Seller Mr. Tom Edwards of T & T Properties, LLC has to say about his experience working with us: Asking your firm to represent T & T Properties, [...]
May 2022 Market Update
The industrial sector is booming. 40 million SF more space has been leased than vacated over the past year in the Chicago industrial market, nearly double the previous record for absorption. Chicago-area vacancy is just 4.4% overall. From Q1 2020, industrial prices are up 30% and industrial rents are up 20%. Retail monthly leasing activity [...]
2055 W Iles St, Springfield – Multi-Tenant Office Investment
We are pleased to announce the sale of 2055 W Iles Ave– an 84% occupied, multi-tenant office investment in Springfield, IL. It’s a ±11,576 square foot office property, sitting on 0.88 acres of land and constructed in 1997. It represents a solid investment opportunity by being occupied with strong, finance-related office tenants: Edward Jones, LeaderOne [...]
Confidential Listing – Gas Station With Convenience Store
We recently sold a well-established gas station and convenience store in the South-East of Illinois. The sale included both commercial real estate assets and a thriving business with $3 million in gross sales. The firm secured multiple offers from local and out-of-state buyers in just a few weeks of marketing. The seller accepted a full [...]
March 2022 Market Update
The multifamily market appears poised for another solid year in 2022, although it’s unlikely to match 2021’s exceptional performance. Some $166 billion of multifamily transactions were completed in 2021, up 75% from 2020. After asking rents rose 13.5% nationally in 2021, rent growth will probably be closer to 5% in 2022. With occupancy rates near [...]
3100-3104 S Homan Ave, Chicago – Industrial Portfolio
We are pleased to announce the portfolio sale of 2 industrial buildings in the Little Village neighborhood of Chicago: 3100-3104 S Homan Ave, Chicago. The portfolio included a 12,000 SF vacant building and a 7,000 SF building occupied by an MPE-owned manufacturing steel business. The next day after putting the properties on the market, the [...]
Recent Comments