CHICAGO—A vacant retail space in suburban Bridgeview may get a second shot at life, according to officials from the Chicago office of Transwestern. The firm just announced that they have brokered the sale of a 69,555-square-foot retail box located at 10280 South Harlem Ave. Until 2006, the property was a Cub Foods, and after Cub left the Chicago area, it was occupied by Melrose Market. But the property was vacant at the time of sale. Transwestern officials say the new owner did not want to be identified, but did say it was a locally-owned grocer that acquired the property for $1.8 million.

“This is a well-located retail box sold to a user for an attractive price per square foot,” says Janice Sellis, director of capital markets with Transwestern. “Bridgeview is an in-fill community with strong demographics. The area offers 260,000 residents within a five-mile radius.”

The box sits on seven acres and is adjacent to a Wal-Mart store. The sale generated interest from a variety of users and investors who were drawn to the consumer base, excellent visibility and location along heavily traveled Harlem Avenue. The location offers access to Interstate 294 just south of 95th Street with high traffic counts of nearly 60,000 vehicles per day.

Sellis and Paul Barile, Transwestern director, represented the seller, C-III Asset Management, in the transaction. The Chicago-based retail investment sales team focuses on 11 states in the Midwest and has completed more than $2 billion in retail sales.