Totaling 1.38 acres on the block running up to the iconic Lincoln Road, the portfolio includes 1.21 acres or 52,500 square feet of contiguous developable lots with an existing 55,516-square-foot mixed-use/retail structure along Alton Road and an additional 0.17-acre or 7,500-square-foot parking lot on the West Avenue side.
Ronald Meyerson, P.A, Senior VP of Multifamily Sales with Cedano Realty Advisors, represented both parties in the transaction.
The transaction includes a 1,992-square-foot building situated on 33,579 square feet of land.
Conte, Ahearn and Butters exclusively represented the interest of the owner in the transaction.
The sale consists of three folios totaling 13,000 square feet of land, with the southernmost folio hosting a 3,111-square-foot single-story building.
The tenant is the largest operator of mobility, logistics hubs, and neighborhood kitchens in the United States, Canada, and has a growing presence in Europe.
The 6,115-square-foot auto tire and service center is situated on 27,502 square feet of land.
The property was 96% occupied at the time of the sale with a mix of office and medical tenants.
The deal brings the park to 100% occupancy.
A leading provider of e-commerce fulfillment and technology solutions has signed a long-term lease agreement.
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