Baum Realty Group Brokers Sale of Chicago Retail CenterBy
The disposition of 4600 Plaza in Harwood Heights, Ill. brought $7 million to the seller, an affiliate of Next Realty LLC.
Baum Realty Group has found a buyer for the retail center at 4600 Plaza in Harwood Heights, Ill. The sales team made up of Danny Spitz and Greg Dietz, managing directors, closed the transaction in less than 50 days and brought the seller, an affiliate of Chicago-area company Next Realty LLC, $7 million. The buyer was an out-of-state investment group.
“The speed of the transaction can be attributed to 4600 Plaza fitting into a high demand investment category of retail properties in proven submarkets with high barriers to entry,” Dietz said in a prepared statement…
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