Ascend Wellness Holdings Acquires Retail Property In Tinley Park, IL For $1.5M

The retail property located at 16200 S. Harlem Ave in Tinley Park, IL was recently sold. The sale, facilitated by Rick Scardino of Lee & Associates, was completed on January 11, 2022. The property measures 4,364 square feet and was sold for a total price of $1,500,000, resulting in a price per square foot of $344. The buyer of the property was Ascend Wellness Holdings, while the seller was Park Ridge Midwest Realty Group, LLC.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $1,500,000
• Square Footage: 4,364
• Price per Square Foot: $344
• Address: 16200 S. Harlem Ave, Tinley Park, IL
• Market: Tinley Park, IL

This transaction represents a successful deal in the retail real estate market. The involvement of Rick Scardino from Lee & Associates as the broker highlights the significance of their role in finalizing the sale. The buyer, Ascend Wellness Holdings, and the seller, Park Ridge Midwest Realty Group, LLC, both played crucial parts in the transaction. The completion of this sale contributes to the ongoing dynamics of the retail property market in Tinley Park, IL.