Greenstone Partners Brokers $5.2M Sale of Elmwood Commons Retail Center in Metro Chicago

Greenstone Partners Brokers $5.2 Million Sale of Elmwood Commons Retail Center in Metro Chicago

Elmwood Park, Ill. — Greenstone Partners has brokered the $5.2 million sale of Elmwood Commons, a 16,840-square-foot retail center in the Chicago suburb of Elmwood Park. The property sold to… The post Greenstone Partners Brokers $5.2 Million Sale of Elmwood Commons Retail Center in Metro Chicago appeared first on Shopping Center Business.

Greenstone Partners Brokers $5.2M Sale of Elmwood Commons Retail Center in Metro Chicago

ELMWOOD PARK, ILL. — Greenstone Partners has brokered the $5.2 million sale of Elmwood Commons, a 16,840-square-foot retail center in the Chicago suburb of Elmwood Park. The property sold to an institutional investor for the full list price. Developed in 1991, the multi-tenant center has maintained near full occupancy since its construction and features a weighted average lease tenure of 15.6 years. Longstanding tenants include FedEx Office, whi…