Press Releases
Former iHop sells on Randall Road, Algonquin IL
Oak Brook, IL (April 15, 2010) – Quantum Real Estate Advisors, Inc. brokered the sale of a former International House of Pancakes to a local real estate investor and restaurateur. The property was fully built out for a restaurant with walk-in coolers and freezers, along with booths, tables and other fixtures and furniture suited for a restaurant. The buyer plans to open their own breakfast, lunch and dinner concept in this space. The property is located right in the heart of the Randall Road corridor in Algonquin, IL... download press release
South Elgin Shopping Center Trades for Roughly $24,000,000
Oak Brook, IL (March 26, 2010) – Quantum Real Estate Advisors, Inc. brokered the purchase of a retail center consisting of roughly 260,000 square feet located at the intersection of Randall Road and McDonald Road in South Elgin, IL. The asset is comprised of seven buildings and includes, among many others, the following tenants: Home Depot, Best Buy, Staples, PetsMart, Buffalo Wild Wings, Red Robin, Panda Express, Potbelly, and Lay-Z-Boy. Upside potential exists with the development of up to 25,000 additional square feet. The future development site, situated between Home Depot and Staples, is in ‘pad ready’ condition... download press release
Heartland Real Estate Business, Suburban Chicago Retail Market
The retail market in Chicago, mirroring that of the nation, has been plagued with
vacancies as a result of retailers suffering from lack of consumer demand. From
2003 to 2008, roughly 80 percent of the American gross domestic product (GDP)
was comprised of spending. This means that the country’s output, or contribution
to the world, has been focused on consumption. By contrast, from 1990 to 2006,
the earnings of individual workers in the United States increased by less than 0.5
percent per year, while the GDP increased about 3.6 percent per year. This
consumer psychology led to increased debt and home equity lines of credit given to
many unqualified borrowers. The additional debt introduced to the American
economy enabled people to spend money on items they were not, in reality, able to
afford... download press release
Chicago Mixed-Use Building Sold to Glascott and Associates
Oak Brook, IL (January 13, 2010) – Quantum Real Estate Advisors, Inc. brokered the sale of two mixed-use properties to local investor Glascott and Associates. Both properties have retail and apartment components and are located at 1670 W. Division Street and 1920 W. Division Street in the Wicker Park neighborhood of Chicago, IL. The buyer purchased the properties for $3,640,000. 1920 W. Division houses local favorite Milk N’ Honey. Glascott, which owns several high-profile retail and multifamily properties in the city, felt that the addition of these assets would add to the quality of their portfolio... download press release
Quantum Real Estate Advisors to Offer Boutique Investment Services
Former NAI Hiffman Executive Starts New Firm
Oak Brook, IL (January 6, 2009) – Chad Firsel, a former executive vice president and founder of the investment services group at NAI Hiffman in Oakbrook Terrace, Illinois, has launched a new commercial real estate investment services firm -- Quantum Real Estate Advisors, Inc. The new firm specializes in investment sales brokerage, assisting clients in the acquisition and disposition of commercial real estate. Quantum has the capacity through strategic alliances to offer full-service leasing brokerage, receivership, management and financing... download press release