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Hanley Investment Group Completes Sale of New Single-Tenant Net-Lease LA Fitness in Chicago Metro Area

ELMHURST, Illinois – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, arranged the sale of a new single-tenant net-lease investment occupied by LA Fitness in an off-market transaction. The property is located in the Chicago metro area in Elmhurst, Illinois.

Hanley Investment Group Associate Austin Blodgett and Executive Vice President Eric Wohl represented the seller on this transaction. The seller was a development company based in the Chicago area and the buyer, which represented themselves, was a publicly-traded REIT. The purchase price could not be disclosed.

Completed in late 2016, the new 37,000-square-foot single-tenant building is situated on 4.8 acres at 620 North York Street in Elmhurst, Illinois, adjacent the I-290/Dwight D. Eisenhower Expressway on/off-ramp in DuPage County. LA Fitness just executed a brand new 15-year primary lease term with a number of options.

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Hanley Investment Group

Hanley Investment Group Real Estate Advisors is a boutique real estate brokerage and advisory services company with a $6+ billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients' needs first, sets us apart in the industry.

Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties. For more information, visit www.hanleyinvestment.com.

Contact:
Phone: (949) 585-7610