Bradford Allen Purchase Retail Asset In Arlington Heights For $9M

The property involved in the transaction is a Retail asset located at 2375 South Arlington Heights Road in Arlington Heights. The sale price for this property was $9,000,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,000,000
• Buyer: Jeffrey Bernstein & Laurence Elbaum - Bradford Allen
• Seller: Not mentioned
• Market: Arlington Heights

Jeffrey Bernstein and Laurence Elbaum, representing Bradford Allen, acquired a Guitar Center building in Arlington Heights for $9 million. This purchase is part of Bradford Allen's larger plan to develop a 16-acre master planned community near Interstate 90 and Arlington Heights Road. The firm's strategic vision for development in the area is evident through their previous acquisitions, which include the former Arlington Heights Daily Herald building and nearby property for a 300-unit apartment complex with retail space, showcasing their commitment and expertise in the development of modern rental housing.