The four-year-old asset at 311-51 E. Dundee Rd. is 100% leased and shares access to a Walgreen drug store. A location near Route 53 was only one motivating factor.
"Retail properties are a very strong investment right now, and they have become a product of choice for many investors," says Tom Vincent of Sperry Van Ness/Sentinel Realty, who represented Palatine Commons, LLC. "The buyer was attracted to this property as an intrinsically strong piece of real estate, and to the fact that the property lies a mere five-minute drive from his home."
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