SOLD
Sperry Equities Acquires Aurora Commons Retail Center In Aurora, Illinois For $9M
1272 North Lake Street
Retail
125,826 SF
125,826 SF
Sold 144 days ago
Summary
Sale
ILLINOIS
Retail
125,826 sqft
Sperry Equities, represented by Burton Young, has acquired the Aurora Commons retail center in Aurora, Illinois. The property, located at 1272 North Lake Street, spans 125,826 square feet. The purchase price for the shopping center was $9 million, resulting in a price per square foot of $72. The retail center is anchored by Ross Dress for Less, DD’s Discounts, and Cermak Fresh Market. At the time of the sale, the center was 75 percent leased.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,000,000
- SF: 125,826
- PPSF: $72
- Address: 1272 North Lake Street
- Market: Aurora
The buyer, Sperry Equities, was represented by broker Burton Young. The seller in the transaction was DRA Advisors, represented by David Luski. The deal was facilitated with the assistance of brokers Caity Tirakian, Keely Polczynski, and Michael Nieder from JLL.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Keely Polczynski, David Luski, Michael Nieder, Burton Young & Caity Tirakian
DATE: 12/06/2023
ADDRESS: 1272 North Lake Street
MARKET: Aurora
ASSET TYPE: Retail
BUYER: Sperry Equities - Burton Young
SELLER: DRA Advisors - David Luski
BROKERS: Caity Tirakian, Keely Polczynski (@Keelybosau) & Michael Nieder - JLL (@JLL)
SALE PRICE: $9,000,000
SF: 125,826 ~ PPSF: $72
NOTE: Sperry Equities has purchased the 125,826-square-foot Aurora Commons retail center in Aurora, Illinois, from DRA Advisors for $9 million. The shopping center, anchored by Ross Dress for Less, DD’s Discounts, and Cermak Fresh Market, was 75 percent leased at the time of the sale, with JLL Capital Markets facilitating the transaction.View on map
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Address1272 North Lake Street
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