CHICAGO—A vacant retail space in suburbanBridgeview may get a second shot at life, according to officialsfrom the Chicago office of Transwestern. The firmjust announced that they have brokered the sale of a69,555-square-foot retail box located at 10280 South Harlem Ave.Until 2006, the property was a Cub Foods, andafter Cub left the Chicago area, it was occupied by MelroseMarket. But the property was vacant at the time of sale.Transwestern officials say the new owner did not want to beidentified, but did say it was a locally-owned grocer that acquiredthe property for $1.8 million.

“This is a well-located retail box sold to auser for an attractive price per square foot,” says JaniceSellis, director of capital markets with Transwestern.“Bridgeview is an in-fill community with strong demographics. Thearea offers 260,000 residents within a five-mile radius.”

The box sits on seven acres and is adjacent toa Wal-Mart store. The sale generated interest froma variety of users and investors who were drawn to the consumerbase, excellent visibility and location along heavily traveledHarlem Avenue. The location offers access to Interstate 294 justsouth of 95th Street with high traffic counts of nearly 60,000vehicles per day.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.