SOURCE: Titan Commercial

Titan Commercial

September 14, 2010 13:35 ET

Titan Commercial Completes All-Cash $1,150,000 Purchase in Schaumburg, Ill.

CHICAGO, IL--(Marketwire - September 14, 2010) -  Titan Commercial Principal Ben Rosenfield announces the sale of a vacant restaurant building located at 680 Mall Drive in Schaumburg, Ill. Vice President of Sales Dan Steinberg represented private investor AJK LLC, who plans to open a to-be-named American cuisine restaurant at the property, in an all-cash purchase totaling $1,150,000 that was closed on August 30. The 7,200 sq. ft. building sits on 1.5 acres and was previously Smokey Bones Bar and Fire Grill, owned by seller Darden Restaurants, who was represented by Cushman and Wakefield.

"Despite higher offers that were placed for the property, the strength of an all-cash buy enabled this transaction to be completed by my client over others," said Steinberg. "Through buying with all cash, investors have greater purchasing power as a result of no financing contingencies or finance-related costs."

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. While specializing in the acquisition, disposition and leasing of commercial real estate properties, this full service firm has completed over $200 million in transactions and is active in representing landlords, tenants, sellers, purchasers and investors nationwide. Headquartered in Illinois, Titan Commercial also has an office in Arizona. For more information, visit or call 312.373.7100.

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