East Coast Acquisitions Acquires Retail Property In River Grove For $30.5M

The retail property located at the SEC Cumberland & Belmont in River Grove has been sold. The transaction was completed on August 19, 2022. The property is comprised of approximately 193,000 square feet and is situated in a prime market.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $30,500,000
• Buyer: East Coast Acquisitions - Elliot Sasson
• Broker: Mid-America Real Estate Corporation
• Market: River Grove

Elliot Sasson, representing East Coast Acquisitions, acquired the property. The sale was facilitated by Mid-America Real Estate Corporation. The property was purchased for a price of $30,500,000, resulting in a price per square foot of $158.