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15207 South La Grange Road
SOLD

Bob Whelan Of PMAT Acquires Retail Center In Orland Park For $74.6M

15207 South La Grange Road

Retail
649,668 SF
clock iconSold 77 days ago
Joe Girardi
Ben Wineman
Rick Drogosz
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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

Joe Girardi's profile picture
Joe Girardi
Mid-America Real Estate Group-image
Principal
$220.6M Sold
Rick Drogosz's profile picture

Details

Deal Summary
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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.

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Address15207 South La Grange Road

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