Photo of The Oaks of Oak Brook located in Oak Brook, Ill. available here.
OAK BROOK, Ill. (January 13, 2016) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of The Oaks of Oak Brook in Oak Brook, Ill. Chicago-based Newport Capital Partners acquired the 67,143-square-foot property on behalf of Newport Fund II for $18.25 million.
The Oaks of Oak Brook is located at the northwest corner of Kingery Highway (Illinois Route 83) and 16th Street. The center features a lineup of strong tenants including Panera Bread, Athletico, Wells Fargo and Sleepy’s.
Joe Girardi and Ben Wineman of Mid-America Real Estate Corporation were the exclusive brokers in the transaction on behalf of the seller, a joint-venture between Tarrytown, N.Y.-based DLC Management and Hartford, Conn.-based Hutensky Capital Partners.
Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Oakbrook Terrace, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Chicago, Milwaukee, Minneapolis and Detroit. For more information, call (630) 954-7300 or visit www.midamericagrp.com. WEB LINKS:
Image of The Oaks of Oak Brook located in Batavia, Ill.
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