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News and Information Article
CHICAGO, May 31 // -- Dan Stratis and Joe Kunst, vice
presidents at Draper and Kramer Retail Management & Leasing Group, a
division of Draper and Kramer, Incorporated, successfully negotiated the
sale of three multi-family properties, all of which sold for 100% or more
of their asking price. Other deals include the sale of a 79,928-square foot
Industrial facility, a lease renewal of a 48,000-square foot
office/warehouse complex, new retail leases, and a retail lease renewal.
Stratis and Kunst have also been appointed the exclusive Illinois tenant
representative for Americas Best Eyeglasses.
Total transactions include:
-- Sale of 24-unit apartment building for 101% of list price in Chicago, IL
-- Sale of 12-unit apartment building for 104% of list price with an all
cash offer, in two days - in Oak Park, IL
-- Sale of 11-unit apartment building with 2 storefronts in five days for
100% of list price - in Oak Park, IL
-- Sale of 79,928-square foot industrial facility for $43.79 per square foot
-- Lease renewal negotiated on 48,000 office/warehouse complex
-- Over 5,500 square feet of new retail leases completed
-- Exclusive Illinois Tenant Rep for Americas Best Eyeglasses
"Investment properties continue to stay in demand and our network of
investors are eager to snap buildings up, often within days of properties
being listed," said Stratis. "Our experience in the market continues to be
an important factor in bringing together the right buyers and sellers,"
added Kunst.
Draper and Kramer is a full-service commercial real estate firm,
specializing in the sales and leasing of investment property. Further
information is also obtainable at 312-795-2593 or 312-795-2596 or online at
http://www.dkbrokerage.com . Draper and Kramer is headquartered at 33 West
Monroe, Chicago, IL 60603.
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