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2006 : SINGLE TENANT GROUND LEASE IN STREAMWOOD, ILL. SELLS FOR $3.35 MILLION Baum Realty Group Negotiates The Transaction Jan. 11, 2006 A single-tenant ground lease has sold for $3.35 million to a Chicago-based private investor. The 1.5 acre property is located at the northeast corner of Irving Park Road and Route 59 in Streamwood, Ill. The seller was a Chicago-based private developer. During sales negotiations, both parties were represented by Chad Firsel, executive vice president of Baum Realty Group’s Investment Sales Division. “The building on this site is new construction in a prime location with a long-term lease to Bank of America that started last year,” said Firsel. “It is across from a new target and neighbors a site with a multi-tenant retail center and free standing restaurant building.” |
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1030 W. Chicago Avenue :: Suite 200 :: Chicago, IL :: 60642 :: P: 312.666.3000 :: F: 312.666.7970 :: info@baumrealty.com |
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