Local Private Capital Group Acquires Retail Strip Center In Lombard For $10.1M

The sale involved a retail strip center located at 2830 South Highland Avenue in Lombard, Illinois. The property, measuring 21,071 square feet, was sold for $10,100,000, resulting in a price per square foot of $479. Built in 2003, the asset underwent renovations in 2026 for medical tenancy and is fully leased to Duly Health and Care, Midwest Orthopaedics at Rush, and Potbelly Sandwich Works.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,100,000
• Asset Size: 21,071 SF
• Address: 2830 South Highland Avenue
• Market: Lombard, IL
• Seller: Kage Brown - HSG Medical; Jay Heald - Capital Healthcare Properties
• Brokers: Alex Sharrin, Mohsin Mirza, Will Bowater, Michael Nieder & Brian Page - JLL

The transaction was brokered by JLL Capital Markets. A local private capital group acquired the property through a 1031 exchange from a joint venture between HSG Medical and Capital Healthcare Properties.