David Husman Of Heartland Real Estate Partners Acquires Burr Ridge Village Center For $55M

The retail asset located at 701 Village Center Drive in Burr Ridge has been sold for $55,000,000. The property spans 200,000 square feet, translating to a price per square foot of $275.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $55,000,000
• Buyer: David Husman - Heartland Real Estate Partners
• Seller: Adam Firsel - Core Acquisitions
• Seller: Edward Hassan - Edwards Realty Company
• Square Footage: 200,000
• Price per Square Foot: $275
• Date of Transaction: 09/25/2025
• Market: Burr Ridge

Core Acquisitions and Edwards Realty sold the property after acquiring it out of distress for $15,000,000 in 2019. Post-acquisition, the sellers invested $7,000,000 in renovations and leasing, which increased occupancy from 60% to over 95%. They will continue to serve as property managers under the new ownership.