Net Lease N Illinois
Property with high-end furniture tenant sells in Chicago

Property with high-end furniture tenant sells in Chicago

JLL closed the sale of a 9,794-square-foot, single-tenant retail property that is triple net leased to Walter E. Smithe, a family-owned and -operated local furniture business with four generations of experience. JLL marketed the property on behalf of the seller, a Chicago-based private partnership, and procured the buyer, a California-based family office, which purchased the asset in a 1031 exchange.

Net Lease N Illinois
Morton, IL net-leased property sells for $1.3M

Morton, IL net-leased property sells for $1.3M

Marcus & Millichap facilitated the sale of Enterprise Truck Rental Ground Lease, a 3,034-square foot net-leased property located in Morton, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $1,365,000.

Net Lease N Illinois

Envoy Net Lease forms JV with private investment firm with over $10B in backing

Envoy Net Lease Partners, a Chicago-based capital provider to the net lease real estate sector, announced the formation of a joint venture with a global private equity firm. The new joint venture is one of the few that involves an institutional investor making a capital commitment to the high-leverage build-to-suit construction lending market, a specialty financing niche that provides up to 100 percent loan-to-cost construction financing for single-tenant net lease properties.