The Oaks of Oak Brook in Illinois sells for $18.25 million

Oak Brook, Ill. -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of The Oaks of Oak Brook in Oak Brook, Illinois. Newport Capital Partners acquired the 67,143-sq. ft. property on behalf of Newport Fund II for $18.25 million.



The Oaks of Oak Brook is located at the northwest corner of Kingery Highway (Illinois Route 83) and 16th Street. The center features a tenant lineup including: Panera Bread, Athletico, Wells Fargo and Sleepy’s.



Joe Girardi and Ben Wineman of Mid-America Real Estate Corporation were the exclusive brokers in the transaction on behalf of the seller, a joint-venture between Tarrytown, N.Y.-based DLC Management and Hartford, Conn.-based Hutensky Capital Partners.