Real Estate
Lee & Associates of IL Negotiates Purchase of Retail Shopping Center
The $1.5M purchase is an 18,600-SF multi-tenant retail strip center located in Round Lake, IL
Rosemont, IL. — August 8, 2023 — Lee & Associates, one of the largest national commercial real estate providers, negotiated a $1.5M purchase of an 18,600-SF multi-tenant retail strip center located at 649-655 Railroad Avenue, Round Lake, IL.
Rick Scardino, Principal at Lee & Associates, represented the buyer, La Luz Bakery. Tyler Dechter, Senior Associate at Baum Realty, represented the seller, Mon Ami Realty, LLC.
The renovated retail strip center, located across from Round Lake METRA Station, is 100% occupied by five diverse tenants, including a banquet hall, barber, café, toddler indoor playground, and martial arts studio. The building is also shadow anchored by ACE Hardware, Dollar Tree, and Lakes Bowl.
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About Lee & Associates
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.
