The Niki Group Acquires Bohl Farm Marketplace Strip Mall In Crystal Lake For $16M

5260 Northwest Hwy Crystal Lake, IL 60014, USA

$16,000,000

$164/SF

Building Size

97,000 SF

Asset Type

Retail

Closing

May 24, 2023

AI

The Bohl Farm Marketplace strip mall in Crystal Lake has been sold by Chicago retail landlord Pine Tree to The Niki Group for $16 million. The retail center, located at 5260 Northwest Highway, spans 97,000 square feet and includes popular tenants such as Five Below, Party City, and Planet Fitness. The sale price equates to a price per square foot of $165.

Summary of transaction details

Property Type: Retail
Transaction Amount: $16,000,000
Date: 05/24/2023
Address: 5260 Northwest Highway
Market: Crystal Lake
Buyer: The Niki Group - David Trakman
Seller: Pine Tree
Lender: Wells Fargo
Square Footage: 97,000
Price Per Square Foot: $165

The Niki Group, represented by David Trakman, has made the acquisition, purchasing the Bohl Farm Marketplace strip mall from Pine Tree. Wells Fargo served as the lender for the transaction.

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