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Shopping Center on the block.


Express Auction has been selected to auction a shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into  in Alsip, Ill., a suburb of Chicago. Express Auction will work with commercial real estate brokerage Besen & Associates on the sale.

The shopping center, known as Alsip Square, is located near the corner of Pulaski Highway Pulaski Highway can refer to
  • Part of U.S. Route 40 in Maryland
  • Part of U.S. Route 40 in Delaware
  • County Route 6 (Orange County, New York), known locally as Pulaski Highway
See also
  • Pulaski Skyway
  • Pulaski Road
 and 127th Street. The address is 4002-4028 W. 127th St. It consists of 12 retail stores and six office suites spanning 16,850 square feet. It is fully leased with a stable set of tenants, including Dunkin' Donuts Sources:

Dunkin' Donuts is an international coffee and donut retailer founded in 1950 in Quincy, Massachusetts, U.S. by William Rosenberg. Corporate Profile
History
 and the cable firm Comcast. The property also includes a 60-space parking lot.

Alsip Square is beneficially owned by an investment group based in New Jersey and Illinois.

"Because a majority of the leases are locked in for several years, the Years, The

the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]

See : Time
 property will be an income-producer from the beginning," said Oren Klein, vice president of Express Auction's Northeast Division. Alsip is a thriving suburb, and its businesses are well supported through a local chamber of commerce and the Alsip Economic Development Commission."

Express Auction will be marketing the shopping center aggressively to local and regional real estate investors A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit.  and retail management companies, as well as national investors, principally on the East Coast, interested in achieving superior capitalization rates.
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Title Annotation:Express Auction. to auction Alsip Square
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 31, 2005
Words:202
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