The Ress Group Acquires Mixed-use Property In Glenview For $9.1M

The 40,000 square foot mixed-use property located at 2300 Lehigh Ave in Glenview, IL has been sold for $9,100,000. The property sits on over 2 acres of land and is a great mix of retail and office spaces. The majority of tenants in this center are nationally recognized medical tenants, making it highly desirable in the market.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $9,100,000
• Square Footage: 40,000
• Price per Square Foot: $228
• Address: 2300 Lehigh Ave
• Market: Glenview

The Ress Group with BHHS Chi - Berkshire Hathaway HomeServices, represented by brokers Ioannis Ress and Kiki Ress, facilitated the sale of this property. They not only represented the seller but also the buyer in this transaction. The Ress Group worked on stabilizing the asset before putting it up for sale, leading to multiple full-priced offers.

After the sale, the buyers have decided to retain The Ress Group for all future leasing and renewals, showing their confidence in the group's expertise in managing the property.