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Property Map

Cantera Commons – 2017

28341 Diehl Road, Warrenville, IL
  • Property Type: Retail
  • Size: 17,855 Sq. Ft.
  • Date Closed: 01/1/2017

Challenges

• The subject property had battled vacancy issues for many years
• The property had been lost to the special servicer via foreclosure.
• The selling entity was reluctant to invest money into the property in order to lease up the vacancies.
• The property was being sold via an auction platform

Solutions

• Quantum teamed up with a national auction platform which allowed Quantum to leverage its database along with that of the auction platform.
• Aggressively market the property and create a competitive environment.
• Work to help buyers create a strategic plan to lease up the vacancies and stabilize the asset.

Results

• The team at Quantum was able to get multiple bidders to step up on auction day
• By creating the competitive environment, we were able to drive pricing up to an acceptable level for the Seller.

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