Acadia Realty Sells 272,060-Square-Foot Retail Center in Fairview, Illinois for $40.8 Million

Fairview, Ill. — Acadia Realty Trust has sold Lincoln Place, a 272,060-square-foot shopping center located at 165 North Illinois St. in Fairview, for $40.8 million. The property was 95 percent leased at the time of sale to tenants including ALDI, Total Wine & More, Kohl’s, Shoe Carnival, Ross Dress for Less, Old Navy, Marshalls, Five Below, Carter’s, Longhorn Steakhouse, Nothing Bundt Cakes, St. Louis Bread Company, GameStop and Pizza Hut. The center is also shadow-anchored by Lowe’s. Amy Sands, Clinton Mitchell and Michael Nieder of JLL represented the seller in the disposition of the property to Jenel Real Estate.

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