SOURCE: Titan Commercial

Titan Commercial

August 09, 2011 12:38 ET

Titan Commercial Closes Two Illinois-Based Transactions Totaling Over $4 Million

CHICAGO, IL--(Marketwire - Aug 9, 2011) - Titan Commercial, Chicago's leading commercial real estate brokerage firm, announces today the completion of an investment sale at 461 S. Randall Road in Algonquin, Illinois. The 6,250 SF property, sold at a 8.75% CAP rate, is net-leased to Buffalo Wild Wings with 14 years left in its primary term. Titan Commercial Vice President of Sales Dan Steinberg represented seller Ranbil Ltd. while Interline Properties of San Jose, CA represented the buyer, who is a private investor.

The investment property was purchased through a loan, provided by Midwest Community Bank of Rockford, Illinois, for a sale price of $3 million. The deal was closed on July 13.

Also closed on July 13 was a net-leased medical investment sale at 4800 N. Kilpatrick Avenue in the north side of Chicago. In a deal where Principal Ben Rosenfield represented both sides of the transaction, seller Rockford 550 LLC sold the 5,690 square foot building to buyer Kilpatrick 5.0 LLC. Titan procured a full priced offer that sold within 60 days from when Rosenfield initially started marketing the property. The property sold at the $1,343,253 asking price with a 7.5% CAP rate.

Tenant Fresenius Medical Care (FMC) has a lease duration that extends until 2023, giving it 12 years remaining in its initial term. FMC is the world's leading company devoted to patient-oriented renal therapy. Through more than 2,700 clinics in North America, Europe, Latin America, Asia-Pacific and Africa, they provide kidney dialysis treatments to approximately 210,000 patients worldwide.

Founded in 2007, Titan Commercial is a commercial real estate brokerage firm whose mission is to improve the lives beyond those involved in the negotiation. Specializing in the acquisition, disposition and leasing of commercial real estate properties, this full service firm has completed over $300 million in transactions and is active in representing landlords, tenants, sellers, purchasers and investors nationwide. For more information, visit www.titancommercial.com or call 312.373.7100.

Contact Information

  • For More Information:
    Emily VanderBeek
    Marketing Director
    312.373.7100