Northpond Partners Acquires Iroquois Center In Naperville For $9.4M
Illinois
See Similar DealsNorthpond Partners Acquires Iroquois Center In Naperville For $9.4M
1163 East Ogden Avenue
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The Iroquois Center, a 108,412-square-foot retail property located at 1163 East Ogden Avenue in Naperville, Ill., was sold for $9.4 million. The asset features tenants like Planet Fitness and Duly Health and Care and is strategically positioned near Route 34 and Interstate 88.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,400,000
- Buyer: Sam Ankin - Northpond Partners
- Seller: David Luski - DRA Advisors
- Brokers: Ben Wineman, Joe Girardi & Rick Drogosz - Mid-America Real Estate Group
- Lender: Inland Mortgage Capital
- Acres: 12
- Price per Square Foot: $87
The transaction was facilitated by brokers Ben Wineman, Joe Girardi, and Rick Drogosz of Mid-America Real Estate Group. The buyer, Northpond Partners, acquired the property with the support of a $9.9 million loan from Inland Mortgage Capital. The seller, DRA Advisors, successfully closed the deal for the Iroquois Center, securing a significant transaction in the Naperville market.
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