Arrow Buys 700,000-Square-Foot Project In Illinois

by Nate Hunter

SCHAUMBURG, Ill.  — Property near Woodfield Mall is 98 percent leased.

The Streets of Woodfield in Schaumburg is anchored by Whole Foods, Crate & Barrel and others.SCHAUMBURG, Ill.  — KF Schaumburg LLC has sold The Streets of Woodfield, a 700,000-square-foot retail project in Schaumburg.

Arrow Retail purchased the property, which is 98 percent leased and anchored by Whole Foods, Crate & Barrel, Dick’s Sporting Goods and Carson Pirie Scott. The shopping center also includes a 20-screen AMC Theatres and the U.S. flagship store for Legoland Discovery Center.

The property is adjacent to Woodfield Mall, a 2.2 million-square-foot super regional mall. Daniel Kaufman, Matthew Lawton, Jim Batjer and Barry Brown of HFF represented the seller in the deal. Trey Morshbach and Tim Joyce, also of HFF, arranged a $100 million, 4-year acquisition loan for the property through CIBC World Markets.

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