Illinois

Evanston, Ill. — Chicago-based Continuum Development has purchased Church Street Plaza, a 144,833-square-foot retail center located near Northwestern University in Evanston for $31.2 million. Originally built in 2000 and redeveloped in 2023, the property is 98 percent leased to tenants including Sky Zone and AMC Theatres, among others. Continuum Development is also leading a proposal for a 27-story apartment tower at Church and Clark Streets that would comprise 358 units and 2,900 square feet of ground-level retail.

East Peoria, Ill. — JLL Capital Markets has arranged the $21 million sale of The Levee District, a 137,304-square-foot, open-air retail power center located within the central Illinois town of East Peoria. Developed in 2013 on 11 acres, The Levee District consists of three buildings that are 94 percent leased. Tenants include Ulta Beauty, Best Buy, Ross Dress for Less and Boot Barn. The center is also shadow-anchored by Target, McDonald’s, Panera Bread and Red Robin. Michael Nieder and Brian Page of JLL’s investment sales and advisory team represented the seller, …

Lombard, Ill. — Marcus & Millichap has brokered the $5.6 million sale of Highlands of Lombard, a 16,223-square-foot strip center located in the Chicago suburb of Lombard. Built in 2007, the six-suite property is situated across from Yorktown Center mall. The property — which was fully occupied at the time of sale — features a mix of food, health and service-based tenants. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap procured the out-of-state buyer and represented the seller, a Chicago-based private investor who had owned the property …

Aurora, Ill. — Locally based Quantum Real Estate Advisors Inc. has arranged the $2.8 million sale of Eola Crossing, a 14,238-square-foot retail center located in Aurora, roughly 40 miles west of Chicago. At the time of sale, the property was 90 percent leased to tenants such as Subway, Dunkin’, Wing Snob and Smile Family Dental. Dan Waszak and Brett Berlin of Quantum represented the seller, a Florida-based public REIT. The buyer was an Illinois-based private investor.

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.