Quantum Closes on Illinois Retail Deal

The 5,000-square-foot property is located in Skokie, Ill., and is fully leased to ATI Physical Therapy and I Love Kickboxing.

4730 - 4750 W. Dempster, Skokie, Ill.
4730 – 4750 W. Dempster, Skokie, Ill.

Quantum Real Estate Advisors Inc. brokered a $1.8 million retail deal in Skokie, Ill. The 5,000-square-foot property is leased to ATI Physical Therapy and I Love Kickboxing, boasting full occupancy. 

A barrier to entry location

The property sits on a small lot at 4730-4750 W. Dempster St., right across the street from a Bank of America office and Evanston Golf Club. Several other retail and dining businesses operate in the area as well.

The buyer was able to acquire a retail center in the heart of a high barrier to entry location on Dempster Street, about one mile from Interstate 94. This newly renovated building is a great example of how a barrier to entry site can benefit the community and its neighbors,” said Chad Firsel, president of Quantum, in prepared remarks.

Skokie is a village 16 miles north from downtown Chicago and home to several important employers such as Pfizer, Skokie Hospital and Woodward-APC Airframe Systems. One of its largest office campuses, the Illinois Science & Technology Park, was recently bought by American Landmark Properties in a $77 million deal.

Image courtesy of Quantum Real Estate Advisors