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Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers Sale of 255,704-Square-Foot Wind Point Shopping Center in Batavia, Illinois

by Abby Cox

Batavia, Ill. — Mid-America Real Estate Corp. has brokered the sale of Wind Point Shopping Center, a 255,704-square-foot grocery-anchored shopping center located in Batavia, a western suburb of Chicago. Aldi anchors the property, which was 98.7 percent leased at the time of sale. Other tenants include Kohl’s, Hobby Lobby, Harbor Freight Tools, OfficeMax, HobbyTown, Pickled!, Petland and AT&T. Ben Wineman and Emily Gadomski of Mid-America Real Estate Corp. represented the seller, New Orleans-based PMAT Real Estate Investments. The center was acquired by Fayetteville, Arkansas-based Core Equity Partners.

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Market Meadows
FinanceGrocery-anchoredIllinoisNews

JLL Arranges $27.3 Million in Financing for Market Meadows in Metro Chicago

by Abby Cox

Naperville, Ill. — JLL Capital Markets has arranged $27.3 million in financing for the acquisition of Market Meadows, a 149,185-square-foot shopping center located in Naperville, approximately 28 miles west of Chicago. Jewel-Osco anchors the property, which was 98.3 percent leased at the time of sale. Additional tenants include U.S. Bank, BMO Bank, T-Mobile, Chipotle Mexican Grill, Jersey Mike’s and McDonald’s. Chris Drew, Travis Anderson, Chris Knight, Wells Waller and Merrick Evans arranged the seven-year, fixed-rate loan through Principal Asset Management on behalf of the borrower, Barings.

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2701 E. Main St. in St.
IllinoisInvestment salesNews

Greenstone Partners Brokers $1.9 Million Sale of Two-Tenant Retail Property in Suburban Chicago

by Abby Cox

St. Charles, Ill. — Greenstone Partners has brokered the $1.9 million sale of 2701 E. Main St., a 4,083-square-foot retail property located in St. Charles, a western suburb of Chicago. The two-tenant building features a drive-thru and is occupied by Dunkin’ and Options Medical. Both tenants operate under net lease structures. Brewster Hague, AJ Patel and Tom Galvin of Greenstone Partners represented the seller, a private partnership, in the transaction. The buyer was a local investor.

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FloridaIllinoisInvestment salesNewsNorth Carolina

CenterSquare Acquires 45,996-Square-Foot Retail Portfolio Across Three States

by Abby Cox

Conshohocken, Pa. — Conshohocken, Pennsylvania-based CenterSquare has acquired six retail properties totaling 45,996 square feet across three states. The properties are located in Fayetteville and Salisbury in North Carolina; Vero Beach, Fort Myers and Fort Lauderdale in Florida; and Noblesville, Illinois. All but one of the properties are anchored by a Starbucks Coffee drive-thru location. The portfolio is currently 84 percent occupied.

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Fabyan Randall Plaza
Grocery-anchoredIllinoisInvestment salesNews

Cushman & Wakefield Negotiates Sale of 91,415-Square-Foot Retail Center in Suburban Chicago

by Abby Cox

Batavia, Ill. — Cushman & Wakefield has negotiated the sale of Fabyan Randall Plaza, a 91,415-square-foot neighborhood retail center located in Batavia, a western suburb of Chicago. Trader Joe’s anchors the property, which features a mix of additional retailers including Sierra Trading Post, Dollar Tree and a freestanding Walgreens. Evan Halkias and David Matheis of Cushman & Wakefield, along with Glenn Rudy of Newmark Pacific, represented the seller, Plano, Texas-based NetCo Investments Inc., in the transaction. The buyer was a private investor.

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Pointe Plaza
Grocery-anchoredIllinoisInvestment salesNews

KPR Centers Acquires 195,000-Square-Foot Shopping Center in Suburban Chicago for $40 Million

by Abby Cox

Niles, Ill. — New York City-based KPR Centers has acquired Pointe Plaza, a 195,000-square-foot shopping center located in Niles, roughly 15 miles north of downtown Chicago, for $40 million. A Fresh Farms grocery store anchors the property, which was 94 percent leased at the time of sale. Other tenants include Ross Dress for Less, dd’s Discounts, Daiso, America’s Best Contacts & Eyeglasses, Bath & Body Works, Crumbl Cookies and Verizon Wireless, along with multiple free-standing outparcels such as Chick-fil-A, Walgreens and Wells Fargo. Richard Frolik, Christian Williams and George Good …

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Chatham Plaza
IllinoisInvestment salesNews

Pegasus Arranges $3.2 Million Sale of Chatham Plaza Retail Property in Chicago

by Abby Cox

Chicago — Pegasus, in cooperation with ParaSell Inc., has arranged the $3.2 million sale of Chatham Plaza, a fully occupied, four-tenant retail strip center positioned within Chatham Market in Chicago. Tenants include Athletico, H&R Block and The UPS Store. The property totals 9,610 square feet, and the weighted average lease term is six years. Katherine Weaver of Pegasus represented the seller, a private fund based in Chicago. The buyer was a Texas-based private fund. The sales price represented a cap rate of 8.5 percent.

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White Oaks Plaza
IllinoisInvestment salesNews

Cushman & Wakefield Brokers Sale of 320,933-Square-Foot Shopping Center in Springfield, Illinois

by Abby Cox

Springfield, Ill. — Cushman & Wakefield has brokered the sale of White Oaks Plaza, a 320,933-square-foot regional shopping center located in Springfield. The sales price was not disclosed, but Cushman & Wakefield states that the transaction represents one of the largest open-air shopping center deals in the region’s history. The property is home to more than 50 retailers and is anchored by Kohl’s, as well as T.J. Maxx, HomeGoods and Sierra. Additional tenants include Harvest Market, Chili’s Grill & Bar, Olive Garden, Petco and a freestanding Skechers outlet. The center is …

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IllinoisLeasingNews

CBRE Arranges Five Retail Leases for QDOBA Mexican Eats in Metro Chicago

by Abby Cox

Chicago — CBRE has arranged five new retail leases for QDOBA Mexican Eats in the suburbs of Chicago. The locations are in Vernon Hills, Wheaton, Downers Grove, Bloomingdale and Elmhurst. Phillip Golding of CBRE represented the fast-casual restaurant. The 2,000-square-foot location at 700 N. Milwaukee Ave. in Vernon Hills is within The Marketplace at Vernon Hills, a retail center owned by Kimco Realty. Danada Square West in Wheaton is a grocery-anchored center owned by DLC. The 2,000-square-foot location in Downers Grove is within a property owned by Vic Mehta. LFI …

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Hillside Town Center
IllinoisInvestment salesNews

JLL Arranges Sale of 160,330-Square-Foot Retail Center in Metro Chicago

by Abby Cox

Hillside, Ill. — JLL Capital Markets has arranged the sale of Hillside Town Center, a 160,330-square-foot open-air retail center located in Hillside, roughly 15 miles west of Chicago. Target shadow anchors Hillside Town Center, which spans six buildings and was 99 percent leased at the time of sale. Other tenants include HomeGoods, Ross Dress for Less, Michaels, Petco and Planet Fitness, who recently signed a new 10-year lease. Michael Nieder and Brian Page of JLL’s Investment Sales and Advisory team represented the seller, Hartford, Connecticut-based Hutensky Capital Partners, in the transaction. …

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