California investor picks up distressed South Side office building

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Quantum Real Estate Advisors brokered the sale of a single-tenant net-leased property at 210 W. 87th St. in the South Side’s Chatham neighborhood. Pricing wasn’t disclosed. The freestanding building is leased to Studio Movie Grill (SMG) and has been a movie theater since its inception.

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In the days leading up to the transfers. "He would find some distressed property and buy it at the right price," said Greg Gill, a California investor who said that in 2006 he purchased a 20.

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