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Northpond Partners Acquires Iroquois Center In Naperville For $9.4M

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SOLD
$9,400,000

Illinois

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Retail108,412 SF
Sold 06/21/2024
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Property Image
SOLD

Northpond Partners Acquires Iroquois Center In Naperville For $9.4M

1163 East Ogden Avenue

See Similar Deals
Retail108,412 SF
Sold 06/21/2024
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$86
Total Square Footage:108,412 SF
Transaction Type:Sale

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:

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.

Players

Rick Drogosz
11 deals$299.4M volume
BROKER

Ben Wineman
Mid-America Real Estate Group
11 deals$260.1M volume(630) 954-7336
BROKER

Joe Girardi
Mid-America Real Estate Group
14 deals$398.6M volume
BROKER

Inland Mortgage Capital
LENDER

Details

SOLD
IMAGE: Ben Wineman, Sam Ankin, Rick Drogosz, David Luski & Joe Girardi DATE: 06/21/2024 ADDRESS: 1163 East Ogden Avenue MARKET: Naperville ASSET TYPE: Retail ~ ACRES: 12 BUYER: Sam Ankin - Northpond Partners (@NorthpondPartners) SELLER: David Luski - DRA Advisors BROKERS: Ben Wineman, Joe Girardi & Rick Drogosz - Mid-America Real Estate Group (@MidAmerica_RE) LENDER: Inland Mortgage Capital SALE PRICE: $9,400,000 SF: 108,412 ~ PPSF: $87 NOTE: Northpond Partners acquired the Iroquois Center, a 108,412-square-foot retail property in Naperville, Ill., for $9.4 million, using a $9.9 million loan from Inland Mortgage Capital. The center, sold by DRA Advisors, features tenants like Planet Fitness and Duly Health and Care, and benefits from proximity to Route 34 and Interstate 88.

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