More than 200 results for “restaurant”
Retail N Illinois

CBRE brokers $21M sale of Oakbrook Terrace shopping center

CBRE recently brokered the sale of 22nd Street Plaza, a 176,164-square-foot retail property at 17W734 22nd Street in Oakbrook Terrace, Illinois. George Good and Christian Williams of CBRE represented the owner, Kimco Realty Corp. A California-based private investor acquired the property for $21 million.

Retail N Illinois

Second-generation restaurant space sells for $1.1M in Algonquin

A 7,549-square-foot, fully equipped, second-generation restaurant sold at 2561 County Line Road in Algonquin, Illinois. Tim Rasmussen, CCIM and Olivia Czyzynski of SVN Chicago Commercial represented the seller in the transaction, marking the second time in four years that SVN Chicago has sold this property. The free-standing building sold f…

Retail L Iowa

Hanley sells Starbucks, QDOBA-anchored center in Sioux City

Hanley Investment Group Real Estate Advisors arranged the sale of a two-tenant retail building occupied by a Starbucks with a drive-thru and QDOBA Mexican Eats at 2301-2303 Hamilton Blvd. in Sioux City, Iowa. The sale cap rate for the two-tenant net-leased investment was 6.30 percent. The price was not disclosed.

Retail N Illinois

Cushman & Wakefield represents seller on Naperville Crossings

Cushman & Wakefield closed on the sale of Naperville Crossings, a premier open-air retail center located in the affluent Chicago suburb of Naperville, Illinois. The property was acquired by Phillips Edison & Company. The Cincinnati-based owner, operator, acquirer and developer of shopping centers reportedly paid $49.9 million for the property.

Multifamily N Illinois

Not a passing craze: Deconversions still strong in Chicago

| Matt Baker

There were two major condo deconversion deals announced in Chicago at the close of 2018: Kiser Group’s deconversion of the 250-unit Flats on LaSalle and the sale of River City, the largest such deal for the market at 449 units. Since then, however, news of these condo-to-rental deals has been slow. Is this a sign that the trend itself is st…

Hospitality Q Kentucky

Construction wrapping on Origin hotel in Lexington

Construction is nearing completion at Lexington, Kentucky’s, newest hotel, Origin Lexington. Upon completion, the 120-room independent hotel will be part of The Summit at Fritz Farm, a mixed-use development with restaurants, retail, office and residences. Origin Lexington will officially open this summer.