Cleeman Realty Group is pleased to announce the $6,750,000 off-market sale of Sterling Bazaar in Peoria, IL. The 87,359 SF center is anchored by a strong performing Kroger supermarket. The property sits on 12.55 Acres and was 83% occupied at closing.
Cleeman Realty Group represented the buyer and seller in this transaction. The buyer was a private investment firm based out of New York and seller was a private company based out of New Jersey.
“The buyer was attracted to the strong Kroger sales volume and upside potential,” said Jeremy Scheer of Cleeman Realty Group that handled the transaction.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail, multifamily and industrial properties throughout the United States. The Cleeman team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at www.cleeman.com