B+E brokers sale of Chicago Art Van Furniture for $9 Million

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By Daniel Webster, dWeb.News Publisher

B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of the vacant Art Van Furniture located in the Chicago MSA for $9,000,000.

The owner of NNN leased properties was able to sell this asset at a strong price for a vacant property around $125/SF.

” We were thrilled to use our marketing platform and sell this asset after it was darkened by tenant bankruptcy,” stated Tim Hain, B+E broker. This is yet another example of how our leased-asset model capabilities can also be used to sell vacant property .”

B+E assisted the seller and buyer through a difficult approval process. B+E Chicago worked closely with the Chicago-based developer, and value-add buyer, to execute and underwrite the acquisition of this property that was transitioning from a single-tenant into a multi-tenant.

For more information, contact Tim Hain at thain@tradenetlease.com or go to www.tradenetlease.com.

About B+E

B+E, an investment brokerage firm that specializes in net lease real property, is modern. The firm assists clients in buying and selling single tenant real property. B+E was founded by highly experienced brokers. It redefines trading with an intuitive end to end transaction platform that includes user-friendly dashboards, an AI-driven exchange and an AI-driven marketplace — all of which leverage the largest data set in net lease.

B+E’s proprietary process combines senior talent with outstanding technology. This allows for greater speed, unrivalled transaction efficiency, and higher asset value. It has offices in New York and Chicago as well as Tampa, Charlotte, Denver, Tampa, Charlotte, Denver, San Francisco, and Atlanta. The brokers trade property across the US for clients. With B+E, virtually anyone can trade net lease real property.

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