The property asset involved in the transaction is Hawthorn Village Commons, a retail strip center located at 220 Hawthorn Village Commons in Vernon Hills, Illinois. The total sale price for the property was $10,500,000, with a size of 51,815 square feet and an average price per square foot of $203. The asset encompasses 1.11 acres.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,500,000
• Address: 220 Hawthorn Village Commons
• Market: Vernon Hills
• Size: 51,815 square feet
• Price per Square Foot: $203
• Acres: 1.11
• Representing Broker: Adrian Mendoza, Austin Weisenbeck & Sean Sharko - Marcus & Millichap

The transaction involved a local investment group as the seller and a buyer who completed a 1031 exchange, facilitated by the brokerage firm Marcus & Millichap. Additionally, broker Steven Weinstock provided assistance in the process, which included tenants such as Hobby Lobby, Dollar Tree, and Panda Express.