LBX Acquires Retail Property In Mt Prospect, IL For $34.6M

A retail property located at 940-1100 East Rand Road in Mt Prospect, IL has been sold in a recent transaction. The property spans across 228,000 square feet and was sold for a total sale price of $34,600,000, which translates to approximately $152 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $34,600,000
• Date: 09/14/2022
• Address: 940-1100 East Rand Road, Mt Prospect, IL
• Market: Mt Prospect, IL
• Purchaser: LBX - Philip Block & Robert Levy
• Seller: RPT Realty - Brian Harper
• Broker: Christian Williams - CBRE

The buyer of the retail property is represented by LBX, with Philip Block and Robert Levy being involved in the transaction. On the other hand, RPT Realty, represented by Brian Harper, acted as the seller. Christian Williams, from CBRE, served as the broker in the deal.