Lee & Associates, one of the largest national commercial real estate providers, negotiated the $1.17 million sale of a Deertrail Court, a 9,800-SF strip center at 884 S Rand Road, Lake Zurich, IL.
The seller was represented by Rick Scardino, principal, and Michael Petrik, associate, of Lee & Associates. Built in 1980, the center holds solid occupancy with tenants including Eye Level Learning Center, Mimi Nails, Nova Care Rehabilitation, Rush Physical Therapy and Sake Sush& Grill. The buyer, N.D.C.V.G. Properties, LLC, was represented by Adam Foret of CBRE.
“The buyer is local and will be very hands on with this center. Physical property upgrades were completed just days after closing, with more in the works,” said Scardino. “Ownership’s desire to re-vamp the appearance of this Walmart shadow-anchored center on a bustling stretch of Rand Road will be well received by the existing and new tenants in the months to come,” he added.
About Lee & Associates
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog. For more Lee & Associates of Illinois happenings, connect with us on LinkedIn, Twitter and Instagram.