HSA Commercial today announced that the company is exclusively representing Blue Vista Capital Management, LLC in the offering of a 97,595-square-foot, fully-leased retail and warehouse property for sale in Carol Stream, Ill. The retail portion of the property, located at 320 Army Trail Road, is anchored by American Sale, an eight-unit regional chain based in Tinley Park, Ill. that specializes in the sale of patio furniture, hot tubs, above-ground swimming pools, grills, billiard tables, wooden play sets and holiday décor. Wheaton, Ill.-based Crossway, a national publisher and distributor of evangelical Christian books, leases 46,635 square feet in the building for use as a regional distribution center. The balance of the retail space is leased to Back to Bed, a 73-unit chain based in Itasca, Ill., and Executive Tan, a nationally-franchised tanning salon.
HSA Commercial was originally contracted by Blue Vista to lease retail space formerly occupied by Carpetland USA and warehouse space that was under-utilized by the building’s previous anchor tenant, Bassett Furniture. The scope of the assignment evolved as Bassett Furniture notified ownership of its intention to close its Carol Stream location. In March 2011, HSA Commercial represented Blue Vista in a 43,462-square-foot lease with American Sale in the combined retail space formerly occupied by both Bassett Furniture and Carpetland USA. The warehouse space previously used by Bassett was then subsequently leased by Crossway, and the remaining retail space was leased to Back to Bed.
“Blue Vista, with the help of HSA Commercial, has added a great deal of value to this asset over the past two years, and we are excited to see what interest the market will bring from prospective buyers,” said Tammy Bauer, CCIM, Vice President of Asset Management with Blue Vista.
HSA Commercial’s Tim Thompson, Michael Havdala, Paul Broderick, and Brenton Schrader are representing Blue Vista Capital Management in the investment offering.