Newcastle Properties Acquires Retail Property In Vernon Hills For $6.8M

Newcastle Properties has recently acquired a retail property located at 271 Townline Road in Vernon Hills. The property spans across 26,593 square feet and was sold for a total of $6,800,000, resulting in a price per square foot of $256. The transaction took place on 05/18/2021.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,800,000
• Address: 271 Townline Road, Vernon Hills
• Market: Vernon Hills

Drew Trammell, representing Newcastle Properties, acted as the buyer in this deal. The brokerage team involved in the transaction included Jason Lenhoff from Quantum Real Estate Advisors Inc., as well as Beth Sansiper and Jeff Gurian from Becker & Gurian. Their expertise and negotiation skills played a crucial role in facilitating the successful purchase of the property.