LOCKPORT, IL-Two investors have purchased the 30,000-square-foot Lockport Center, at 16521-16615 159th St., just off the four-way interchange of Interstate 355 and 159th Street. The shopping center, which is 100% leased to tenants including a Jewel-Osco, Blockbuster, Hallmark and UPS, was constructed in 2005 and has nearly five acres.

Asking lease rates at the property range from $20 to $25 per square foot, net, according to Jeffrey J. Kowal, SVP with Edgemark Commercial Real Estate Services LLC, which represented the seller, Lockport LAD LLC, in the deal. Rahul Patel with Realty Executives Suburban represented the buyer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.