SOLD
Bob Whelan Of PMAT Acquires Retail Center In Orland Park For $74.6M
15207 South La Grange Road
Retail
649,668 SF
649,668 SF
Sold 48 days ago
Summary
Sale
ILLINOIS
Retail
649,668 sqft
Orland Park Place is a 649,668-square-foot retail center located at 15207 South La Grange Road in Orland Park. The property was sold for $74.6 million in a transaction between buyer Bob Whelan of PMAT and seller David Luski of DRA Advisors. The deal reflects a robust retail market in Chicago, with the property boasting a diverse tenant mix and an 87% occupancy rate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $74,600,000
- Market: Orland Park
- Acres: 45
Ben Wineman, Joe Girardi, and Rick Drogosz of Mid-America Real Estate Corp acted as the brokers in the transaction, facilitating the deal between Bob Whelan of PMAT and David Luski of DRA Advisors. The acquisition of Orland Park Place signifies strong investor demand in the Chicago retail market, supported by the property's favorable characteristics.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Ben Wineman, Joe Girardi, David Luski, Rick Drogosz & Bob Whelan
DATE: 03/12/2024
ADDRESS: 15207 South La Grange Road
MARKET: Orland Park
ASSET TYPE: Retail ~ ACRES: 45
BUYER: Bob Whelan - PMAT
SELLER: David Luski - DRA Advisors
BROKERS: Ben Wineman, Joe Girardi & Rick Drogosz - Mid-America Real Estate Corp (@MidAmerica_RE)
SALE PRICE: $74,600,000
SF: 649,668 ~ PPSF: $115
NOTE: PMAT bought Orland Park Place, a 649,668-square-foot retail center in Orland Park, IL, from DRA Advisors for $74.6 million. The center, with a diverse tenant mix and 87% occupancy, reflects Chicago's robust retail market and strong investor demand.View on map
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Address15207 South La Grange Road
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