Greenstone Partners arranged the sale of Gross Point Crossing, a 19,000-square-foot suburban retail center located in Skokie, Illinois, for $3.875 million.
Greenstone Partners’ Brewster Hague and AJ Patel represented the seller, a Chicago-based private investor, and procured the buyer, an Ohio-based private real estate investment firm. The property was 67% occupied at the time of sale, presenting a clear value-add opportunity through the lease-up of approximately 6,000 square feet and the ability to bring rents to market. The asset features a diversified tenant mix of food and service-oriented users, offering stable in-place income with meaningful upside.
“This was a highly targeted execution for a value-add retail investor looking for both immediate upside and long-term stability,” said Brewster Hague, Partner of Greenstone Partners. “Assets with this combination of location, visibility, and lease-up potential continue to attract strong buyer interest, particularly in supply-constrained suburban markets.”
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