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Bloomington Commons
Grocery-anchoredIllinoisInvestment salesNews

Marcus & Millichap Brokers $13.4 Million Sale of Shopping Center in Bloomington, Illinois

by Abby Cox

Bloomington, Ill. — Marcus & Millichap has brokered the $13.4 million sale of Bloomington Commons, a grocery-anchored shopping center located in Bloomington. The 15-tenant property, which totals 132,966 square feet, is anchored by Schnucks. Other tenants include Barnes & Noble, The UPS Store, Kumon Math & Reading Center, Chuck E. Cheese and H&R Block. Schnucks, an anchor tenant since 1989, recently renewed its lease for 10 years. Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a local developer that sold the property after an eight-year hold …

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12337 S. Route 59
IllinoisInvestment salesNews

Quantum Brokers $9 Million Sale of Retail Center in Suburban Chicago

by Abby Cox

Plainfield, Ill. — Locally based Quantum Real Estate Advisors has brokered the $9 million sale of a 55,073-square-foot retail center in Plainfield, about 40 miles southwest of Chicago. Located at 12337 S. Route 59, the property was 97 percent leased at the time of sale to tenants such as Enterprise, One Main Financials, Chop’d and Khaos Brewcade & Kitchen. Brett Berlin of Quantum brokered the transaction. An Illinois-based private investor purchased the property from a local family development company based in Chicago’s western suburbs.

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Claire's store
Company newsFinanceIllinoisNews

Claire’s Files for Chapter 11 Bankruptcy Again for U.S. Operations, Aims to Close Underperforming Stores

by Abby Cox

Hoffman Estates, Ill. — Claire’s U.S., the operator of Claire’s and Icing stores across the United States, has filed for Chapter 11 bankruptcy protection in Delaware. The jewelry retailer listed both its liabilities and assets between $1 billion to $10 billion. Hoffman Estates-based Claire’s previously filed for Chapter 11 bankruptcy in 2018. Claire’s says that the proceedings will enable the company to immediately commence the monetization process for its assets to maximize value for the business. The retailer is continuing a comprehensive review of strategic alternatives, including discussions with potential …

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Jewel-Osco grocery store
ColoradoIllinoisInvestment salesNevadaNewsTexasWisconsin

Kidder Mathews Arranges $75.9 Million Sale of 10-Property Retail Portfolio Totaling 322,304 Square Feet

by Abby Cox

San Diego, Calif. — Kidder Mathews has arranged the $75.9 million sale of a 10-property, single-tenant net leased retail portfolio totaling 322,304 square feet. The portfolio spans five states — including Colorado, Illinois, Nevada, Texas and Wisconsin — and features five Albertsons-guaranteed grocery stores, four auto service centers and one Dutch Bros Coffee shop. Paul Danker of Kidder, along with Scott Reid of Parasell Inc. and John Nesbitt, Kristen Zimmerman and Remy Tams of Designated Broker Solutions, represented the seller, a private investor.

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The Oaks of Oak Brook
IllinoisInvestment salesNews

Mid-America Real Estate Brokers Sale of 67,146-Square-Foot Retail Center in Oak Brook, Illinois

by Abby Cox

Oak Brook, Ill. — Mid-America Real Estate Corp. has brokered the sale of The Oaks of Oak Brook, a 67,146-square-foot retail center located in the Chicago suburb of Oak Brook. The property was 98 percent leased to tenants including Athletico, Activate Games, NxStage Kidney Care, Blackberry Market, Erik’s Bike Board & Ski and OrthoLazer at the time of sale. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Newport Capital Partners, in the transaction. The property sold to a private buyer.

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Plaza del Lago
IllinoisNews

WS Development Signs Leases with 13 New Tenants at Plaza del Lago in Metro Chicago

by Abby Cox

Chicago — WS Development has signed leases with 13 new tenants at Plaza del Lago, a 100,000-square-foot shopping center located in the Chicago suburb of Wilmette. As part of its ongoing redevelopment project, the center’s tenant lineup will now feature a mix of local and national brands including Oscar de la Renta, Space 519, Cynthia Rowley, Hill House Home, James Perse, Jenni Kayne, La Vie Style House, LoveShackFancy, Peter Millar, Pilatesville, Rag & Bone, Studs and Veronica Beard. New tenant stores will begin opening this month. Originally opened in 1928, …

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The Promenade Bolingbrook
EntertainmentIllinoisLeasingNewsRestaurantsRetailers

Brookline, Rhino Investments to Renovate 778,000-Square-Foot Shopping Center in Metro Chicago 

by Abby Cox

Bolingbrook, Ill. — Brookline Real Estate has partnered with Rhino Investments Group to renovate The Promenade Bolingbrook, a 778,000-square-foot shopping center located in the Chicago suburb of Bolingbrook. Brookline has been hired to oversee leasing and lead a new vision for the open-air lifestyle center with a refreshed mix of retail, service, restaurants and experiential offerings. The center is anchored by Macy’s and Bass Pro Shops, and includes a number of specialty retailers including H&M, Ulta Beauty, DSW, Barnes & Noble, Lane Bryant, Pandora and Victoria’s Secret.

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Eidi Properties portfolio
IllinoisIndianaInvestment salesMichiganNewsNorth CarolinaVirginia

Eidi Properties Acquires 39 Shopping Centers Totaling 650,257 Square Feet Across Six States

by Abby Cox

Toledo, Ohio — Toledo-based Eidi Properties has acquired 39 shopping centers totaling 650,257 square feet across Illinois, Florida, Virginia, Michigan, North Carolina and Indiana. This transaction, which features a mix of power centers, grocery-anchored plazas and community hubs, brings Eidi’s portfolio to nearly 80 retail properties and more than 1.5 million square feet. The properties were all purchased from Dembs Development. Joel Jerger of WesBanco, Andy Maher and Brian White of Waterford Bank, N.A., as well as John Skeldon and Joe Bajas of Cooperative Business Services (CBS), all based in …

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Northpoint Center
Grocery-anchoredIllinoisInvestment salesNewsRhode Island

Joint Venture Acquires Two Shopping Centers Totaling 428,928 Square Feet in Rhode Island and Illinois

by Abby Cox

Warwick, R.I. and Arlington Heights, Ill. — A joint venture between Dallas-based Encore Enterprises Inc. and AmCap Management Holdings LLC, a subsidiary of Stamford, Connecticut-based AmCap Management LLC, has acquired two grocery-anchored shopping centers in Rhode Island and Illinois totaling 428,928 square feet. The properties are Cowesett Corners in the Providence suburb of Warwick and Northpoint Center in the Chicago suburb of Arlington Heights. Cowesett Corners is anchored by Stop & Shop and totals 152,595 square feet. Additional tenants at the center include PetCo, Five Below and Oak Street Health. The …

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Bricktown Square Shopping Center
DevelopmentIllinoisNews

NewMark Merrill Companies Plans $1.5 Million Renovation for Bricktown Square Shopping Center in Chicago

by Abby Cox

Chicago — NewMark Merrill Cos. has unveiled plans for a $1.5 million renovation of Bricktown Square Shopping Center, a 292,309-square-foot retail center located in northwest Chicago. Renovations to the center will include exterior improvements, additional signage and wayfinding, as well as updated paint and color schemes. NewMark Merrill will also combine two existing spaces to form a single, larger space that will house a new Skechers store. Additionally, Japanese restaurant Okini Buffet and Kinship Health will join Bricktown Square’s tenant lineup later this year, bringing the center’s occupancy to 98 …

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