Illinois

Chicago — Newmark has arranged the $30 million sale of Block 37, a 277,654-square-foot trophy retail property located in downtown Chicago. Block 37 comprises five floors of retail space anchored by a mix of tenants including Zara, Sephora, AMC Theatres and The Dearborn, and a four-level underground parking garage. The property is situated within the larger Block 37 mixed-use development that also features residential and office towers. Keely Polczynski and Brian Schneiderman of Newmark represented the seller, CIM Group, in the transaction.

Lombard, Ill. — Mid-America Real Estate has arranged the sale of High Point Centre, a 240,345-square-foot neighborhood center located in Lombard, roughly 22 miles west of downtown Chicago. The property was 68 percent leased at the time of sale to tenants including LA Fitness, Altitude Trampoline Park, Ace Dental, Burger King, Mango Mango Desserts, Sports Clips, Seoul Bites Korean BBQ, Souq Fresh Market and Tropical Smoothie Café. High Pointe Centre was built in 1992. Ben Wineman of Mid-America represented the seller, a publicly traded REIT, in the transaction. The property was …

Chicago — Time Equities Inc. (TEI) has acquired 33 South Wabash Ave. in Chicago for $3.9 million. Located in the heart of the South Loop along historic Jeweler’s Row, the property offers 38 feet of frontage on Wabash Avenue at the base of a 360-unit luxury condominium building, which is also home to the School of the Art Institute of Chicago. Currently fully leased, the 7,400-square-foot, three-unit retail property is home to Goddess & The Baker, Reckless Records and Prasino. Ami Ziff and Jonathan Kim represented TEI on an internal …

Chicago — JLL Capital Markets and GA Group Real Estate have arranged the $74.7 million sale-leaseback of a 47-property Family Dollar retail portfolio across 19 states. This marks JLL’s second major Family Dollar portfolio closing in 2026, following a 46-property transaction earlier this year. Chicago-based JLL’s net lease team and GA Group Real Estate represented the seller, FD Retail Properties LLC, in the transaction. An institutional real estate investor was the buyer.

Deer Park, Ill. — A joint venture between AEW Capital Management and Brand Street Properties has acquired Deer Park Town Center, a 410,000-square-foot open-air center located in Deer Park, approximately 35 miles northwest of downtown Chicago. The purchase price of $125 million marks the highest price paid for a Chicago-area retail property in a decade, according to Crain’s Chicago Business. Deer Park Town Center is home to more than 60 tenants, including Apple, Crate & Barrel, Williams Sonoma, Gap, lululemon, Anthropologie and Sephora. Restaurants include Biaggi’s Ristorante Italiano, Sweetgreen, Stoney …

Highland Park, Ill. — Marcus & Millichap has brokered the $7.7 million sale of Garrity Square, a 20,000-square-foot retail property located in Highland Park, approximately 25 miles north of downtown Chicago. The 13-suite center is anchored by a freestanding Starbucks that has operated at the property since 2002, alongside long-tenured food, medical and daily-needs tenants. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller and procured the buyer, a private investor, in the transaction.