Northpond Partners Acquires Iroquois Center In Naperville For $9.4M

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.