Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Asset Sales Group has been named the exclusive sales agent for Arlington Town Square, a 136,585-square-foot, high-end, mixed-use retail and office REO property located at 21 South Evergreen Avenue in Arlington Heights, Illinois.
Media Contact: Shlomo Morgulis Beckerman
FOR IMMEDIATE RELEASE
Mission Capital Advisors Marketing Arlington Town Square On Behalf of a CMBS Special Servicer
National Advisory Firm Seeks Buyer for Well-Located, High-End, Mixed-Use Retail and Office Center in Arlington Heights
ARLINGTON HEIGHTS, Ill. (May 23, 2016) – Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Asset Sales Group has been named the exclusive sales agent for Arlington Town Square, a 136,585-square-foot, high-end, mixed-use retail and office REO property located at 21 South Evergreen Avenue in Arlington Heights, Illinois.
Managing Director Will Sledge, Vice President Adam Grant and Analyst Don Pavlov of Mission Capital Advisors will procure a buyer on behalf of the owner, a CMBS Special Servicer. The property is comprised of 32 retail shops, a six-plex movie theater, and eight office spaces.
“Since taking ownership via foreclosure, the Special Servicer, along with the property management team at Edgemark Commercial Real Estate Services, have done an excellent job adding value, stabilizing the property and bringing quality national and local tenants that will increase its allure to potential buyers,” said Sledge. “Arlington Town Square is now an enviable, cash-flowing asset in one of Chicago’s most vibrant northern suburbs, and we expect to receive interest from investors ranging from local retail owners to national REITs.”
Situated on a 3.63-acre site, the 84-percent occupied property boasts retailers including Ann Taylor Lofts, Joseph A. Bank, Panera Bread, Sports Clips and Starbucks. The mixed-use center is adjacent to a high-rise condo development.
With its downtown Arlington Heights location, Arlington Town Square is proximate to Route 14, providing easy access to Chicago. The property lies at the center of a transit-oriented, pedestrian-friendly downtown, with access to Downtown Chicago via the Metra as well as a wide range of shopping, dining, and entertainment options.
A national real estate capital markets solutions firm, Mission Capital is extremely active in arranging investment sales, loan sales and debt and equity financing on properties across the country.
About Mission Capital Advisors
Founded in 2002, Mission Capital Advisors, LLC is a leading national, diversified real estate capital markets solutions firm with offices in New York, Florida, Texas, California and Alabama. The firm delivers value to its clients through an integrated platform of advisory and transaction management services across commercial and residential loan sales; debt, mezzanine and JV equity placement; and loan portfolio valuation. Since its inception, Mission Capital has advised a variety of leading financial institutions and real estate investors on more than $65 billion of loan sale and financing transactions, as well as in excess of $14 billion of Fannie Mae and Freddie Mac transactions, positioning the firm strongly to provide unmatched loan portfolio valuation services for both commercial and residential assets. Mission Capital’s seasoned team of industry-leading professionals is committed to achieving clients’ business objectives while maintaining the highest levels of integrity and trust. For more information, visit www.missioncap.com.