FRIDAY, NOVEMBER 14, 2008

Edgemark announces sale

by Midwest Real Estate News Reports
Chicago -> Will/Grundy

Edgemark Commercial Real Estate Services has announced that Jeffrey J. Kowal, senior vice president of the firm, has completed the sale of Lockport Center, a retail shopping center located in Lockport, Ill.

A private local partnership has purchased the 30,051 square foot retail center situated on 4.855 acres located at 16521-16615 159th Street, just off the four-way interchange of I-355 and 159th Street, in Lockport.

Constructed in 2005, this shadow anchored Jewel/Osco center has a diverse mix of national, regional and local tenants. The property is 100 percent leased and occupied and, according to Mr. Kowal, was purchased to satisfy a 1031 investment.

Mr. Kowal represented the seller, Lockport LAD, LLC, in the transaction. Rahul Patel with Realty Executives Suburban represented the buyer.

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