Illinois

Chicago — Greenstone Partners has brokered the $19.5 million sale of a 54,000-square-foot retail center located at 1415-1417 N. Kingsbury St. in Chicago’s Clybourn Corridor. A venture between Chicago-based Honore Properties and Peerless Development acquired the fully leased property. Danny Spitz and AJ Patel of Greenstone represented the seller, Los Angeles-based Westwood Financial, in the transaction, which marks the fourth acquisition in the immediate corridor for Honore and Peerless. Spitz previously represented the venture in the acquisition of the adjacent property at 821 W. Eastman St. Originally acquired by Westwood …

Oak Brook, Ill. — MetLife Investment Management has sold Overlook at Oakbrook, a 52,876-square-foot, unanchored retail strip center located in Oak Brook, roughly 20 miles east of Chicago. Overlook at Oakbrook spans seven buildings and was 94 percent leased to 13 tenants at the time of sale including Lazy Dog Restaurant and Bar, Panera Bread, Veterinary Emergency Group (VEG) and Guidepost Montessori. The property was completed in 2023, and is situated adjacent to Oakbrook Center, a 2 million-square-foot super-regional mall. Michael Nieder, Brian Page and Alex Sharrin of JLL’s Investment Sales …

Chicago — Greenstone Partners has brokered the $5.6 million sale of a retail and medical property located at 1455 N. Milwaukee Ave. in Chicago’s Wicker Park neighborhood. The urban infill asset sold for 98 percent of the list price to a New York-based buyer. The two-story property features 11,370 rentable square feet, roughly 125 feet of frontage along North Milwaukee Avenue and a private surface parking lot with 23 dedicated spaces. Barry’s Bootcamp occupies the ground floor. The upper level is leased to two medical services providers. Danny Spitz and …

Hoffman Estates, Ill. — SVN Chicago Commercial has arranged the $9 million sale of Barrington Square Town Center, a 101,796-square-foot neighborhood center located in the Chicago suburb of Hoffman Estates. Wayne Caplan and Al Lindeman of SVN Chicago Commercial represented the sellers, Dutch-based ownership group Depa Holding Co., and its U.S. partner, Caruso Development Corp. Harris Ali of Sky High Real Estate represented the buyer, a local investment group. This transaction marks the first time the property has been sold. Situated at 2300-2356 West Higgins Road on 11 acres, Barrington Square …

Bloomington, Ill. — JLL Capital Markets has negotiated the $28.4 million sale of Empire Crossing, a 229,971-square-foot retail power center in Bloomington. Anchor tenants include Dick’s Sporting Goods, HomeGoods, Ashley Furniture HomeStore and DSW. The seller, BET Investments, completed a redevelopment that converted the long-vacant Kmart anchor store into multi-tenant space. Currently 85 percent occupied, the property offers value-add potential through 33,000 square feet of vacancy across eight suites. Michael Nieder and Brian Page of JLL represented the seller. Chase Properties was the buyer.

Schaumburg, Ill. — A joint venture between PCCP and Hutensky Capital Partners has acquired Streets of Woodfield, a 690,000-square-foot shopping center located in the northwestern Chicago suburb of Schaumburg. According to the Daily Herald, Blackstone sold the property for $69 million. Blackstone originally purchased the shopping center for $168.5 million in 2015. Built in 1991, Streets of Woodfield was 94 percent leased to 22 tenants at the time of sale including Whole Foods Market, Dick’s House of Sport, AMC Theatres, Restoration Hardware Outlet, Legoland and Dave & Buster’s.