Retail N Illinois

Greenstone Partners closes New Lenox strip center

Greenstone Partners closes New Lenox strip center,ph1

Greenstone Partners successfully sold a 26,000-square-foot, multi-tenant retail center, Hickory Creek, in Chicago’s southwest suburb of New Lenox, Illinois. Hickory Creek is situated at 1800-1888 Lincoln Highway, adjacent to national retailers including Lowe’s, Target, Walgreens and many more.

Greenstone Partners represented the seller, the original developer, and also procured the out-of-state purchaser. Built in 1999, Hickory Creek is 88 percent leased by a mix of local, regional and national tenants. The all-cash purchaser closed ahead of schedule at 97 percent of list price.