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2540 US Route 30
SOLD

First National Realty Partners Acquires Retail Center In Oswego For $13.7M

2540 US Route 30

Retail
105,731 SF
clock iconSold 52 days ago
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Summary

Sale
ILLINOIS
Retail
105,731 sqft

The property involved in the transaction is Townes Crossing, a 105,731-square-foot grocery-anchored retail center located at 2540 US Route 30 in Oswego, Illinois. The sale price for this asset was $13,700,000, translating to a price per square foot of $130.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,700,000
  • Buyer: Matt Annibale & Michael Hazinski - First National Realty Partners
  • Seller: David Luski - DRA Advisors
  • Broker: Evan Halkias - Cushman & Wakefield
  • Lender: WoodmenLife
  • Market: Oswego

First National Realty Partners, through its Vice President of Acquisitions Matt Annibale and CIO Mike Hazinski, completed their fourth off-market transaction of the year with the acquisition of Townes Crossing. The property is anchored by Jewel-Osco and features a robust tenant lineup, including Phenix, Salon Suites, and Subway. The financing for this deal was secured through a $7.5 million loan from WoodmenLife, with the loan set to mature in June 2030. This acquisition further bolsters FNRP's portfolio, which now spans over 60 properties across 26 states, showcasing the company's strong position in the grocery-anchored retail sector.

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Evan Halkias's profile picture
Evan Halkias
Cushman & Wakefield-image
Managing Director
$132.2M Sold

Details

Deal Summary
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SOLD
IMAGE: David Luski, Michael Hazinski, Matt Annibale & Evan Halkias DATE: 05/22/2024 ADDRESS: 2540 US Route 30 MARKET: Oswego ASSET TYPE: Retail BUYER: Matt Annibale (@MattAnnibale) & Michael Hazinski - First National Realty Partners (@FNRPUSA) SELLER: David Luski - DRA Advisors BROKER: Evan Halkias - Cushman & Wakefield (@CushWake) LENDER: WoodmenLife (@WoodmenLife) SALE PRICE: $13,700,000 SF: 105,731 ~ PPSF: $130 NOTE: First National Realty Partners has acquired Townes Crossing, a 105,731-square-foot grocery-anchored retail center in Oswego, Ill., for $13.7 million from DRA Advisors, with financing secured through a $7.5 million loan from WoodmenLife, set to mature in June 2030. The property, anchored by Jewel-Osco for over 30 years, boasts a strong tenant roster including Phenix, Salon Suites, and Subway, and marks FNRP's fourth off-market transaction this year, reinforcing its bullish stance on grocery-anchored retail and expanding its portfolio to over 60 properties across 26 states, according to FNRP Vice President of Acquisitions Matt Annibale and CIO Mike Hazinski.

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Address2540 US Route 30

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