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Synergy Builders Leases Retail Space In Palatine From Palatine Retail Center

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LEASED

Illinois

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Retail1,600 SF
Leased 05/08/2019
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LEASED

Synergy Builders Leases Retail Space In Palatine From Palatine Retail Center

7 E Northwest Hwy, Palatine, IL, 60067

See Similar Deals
Retail1,600 SF
Leased 05/08/2019
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:1,600 SF
Transaction Type:Lease

The property at 7 E Northwest Hwy, Palatine, IL, 60067 is a retail asset consisting of a 1,600-square-foot space leased by Synergy Builders from the landlord Palatine Retail Center, LLC. Synergy Builders, a design/build home remodeling company, will utilize the space as a showroom. The lease was facilitated by Randy Olczyk and Thomas (Tom) Callahan of Chicagoland Commercial Real Estate, representing both the landlord and the tenant in the transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 7 E Northwest Hwy, Palatine, IL, 60067
  • Market: Palatine
  • Tenant: Synergy Builders
  • Landlord: Palatine Retail Center, LLC
  • Square Feet: 1600
  • Landlord's Rep: Randy Olczyk(Chicagoland Commercial Real Estate), Thomas (Tom) Callahan(Chicagoland Commercial Real Estate)

The lease transaction at 7 E Northwest Hwy in Palatine involved Synergy Builders, a design/build home remodeling company, and the landlord Palatine Retail Center, LLC. Randy Olczyk and Thomas (Tom) Callahan, both of Chicagoland Commercial Real Estate, were instrumental in facilitating the lease, representing both the landlord and the tenant in the 1,600-square-foot showroom agreement.

Players

Randy Olczyk
14 deals$2.9M volume(847) 338-2022
BROKER

Details

LEASED
IMAGE: 05/08/52019 ADDRESS: 7 E Northwest Hwy, Palatine, IL, 60067 MARKET: Palatine ASSET TYPE: Retail LANDLORD'S REP: Randy Olczyk(Chicagoland Commercial Real Estate), Thomas (Tom) Callahan(Chicagoland Commercial Real Estate) TENANT: Synergy Builders LANDLORD: Palatine Retail Center, LLC SQUARE FEET: 1600

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Deal Type
Effective Rent (Annual)

$91,711.03

Total Lease Value

$917,110.34

Net Landlord Cash Flow$91,711.03