May 31, 2023 – Uriel Escobar of Horvath & Tremblay has successfully completed the sale of the Waterfall Plaza in Orland Park, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,500,000.
The Waterfall Plaza is located at 8752 West 159th Street in Orland Park, Illinois. The Property is comprised of the Waterfall Plaza and an adjacent parcel of land, on a total of 2 acres. Waterfall Plaza is a 19,108 square foot multi-tenant retail building with eight units. The Property presents the opportunity to acquire an attractive retail location with the potential to significantly increase income. The Properties are situated at the intersection of 159th Street and Orlan Brook Drive, with visibility from both roads and three points of access. The Properties are within the 159th Street auto corridor, which dominates the automobile sector in the area and hosts an extensive array of major auto brands. The corridor is part of a dense commercial area with major shopping and retail centers at both ends. The location offers direct access to a large concentration of national retailers offering shopping, dining, and service amenities. The area is also surrounded by residential neighborhoods that provide a large consumer and employee base, and is in close proximity to numerous interstates and state highways.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.