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Friday, 06 November 2020 23:05

First National Realty Partners Acquires Tesla Sales and Service Center in Westmont, IL

First National Realty Partners announced the acquisition of a 23,164-square foot Tesla Sales and Service Center, located at 50 West Ogden Ave. in Westmont, IL.

The property was acquired in a brokered transaction and adds another well-located asset to the firm's growing portfolio of premier real estate assets throughout the U.S.

 

Tesla recently executed a new 10-year lease extension at the property, which benefits from a strong demographic profile including more than 250,000 people with average incomes of more than $139,000 within 5 miles. This location is one of only five Tesla service centers in Illinois.

 

The property is surrounded by other premier car dealerships including Mercedes-Benz, Porsche and Lamborghini.

 

"We are very excited about this unique opportunity and are pleased to have Tesla as a tenant in our growing portfolio," said Matt Annibale, director of acquisitions at First National Realty Partners. "We are confident in Tesla's long-term performance here given how well-situated the property is in Westmont's 'Auto Mile.' Our team is excited to be a part of the Westmont community and we look forward to working with Tesla and other local stakeholders to ensure the continued success at this location."

 

Source: First National Realty Partners

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