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Park-Lawn-Plaza
IllinoisInvestment salesNews

Marcus & Millichap Arranges $4.5 Million Sale of Retail Property in Oak Lawn, Illinois

by Abby Cox

Oak Lawn, Ill. — Marcus & Millichap has arranged the $4.5 million sale of Park Lawn Plaza, a 13-suite retail property in the Chicago suburb of Oak Lawn. The property, which was 84 percent occupied at the time of sale, spans 2.5 acres and totals 24,685 square feet. Tenants include Cutting Edge Salon, The Black Oak, Cicero Dental and Athletico Physical Therapy, according to LoopNet Inc. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a local real estate investment company. The buyer was a …

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IllinoisLeasingNews

Five New Retailers Sign Leases at North Riverside Park Mall in Suburban Chicago

by Abby Cox

North Riverside, Ill. — Five new retailers have signed leases to open at North Riverside Park Mall in the Chicago suburb of North Riverside. The leases, which include Canada Weather Gear, Lovisa Jewelry & Accessories, Boneyard Chicago, FLX Move Pilates and Hello Sweetie, bring the property to 96 percent occupancy. Most of the tenants are now open. The Feil Organization owns the 1.2 million-square-foot shopping center. Feil originally acquired the mall in 2004 and completed an $8 million capital improvement plan in November 2024.

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Walmart
IllinoisInvestment salesNews

Marcus & Millichap Brokers $12.5 Million Sale of Walmart-Occupied Retail Property in Metro Chicago

by Abby Cox

Rolling Meadows, Ill. — Marcus & Millichap has brokered the $12.5 million sale of a 130,200-square-foot retail property occupied by Walmart in the Chicago suburb of Rolling Meadows. Built in 2000 and renovated in 2016, the single-tenant property sits on 9.8 acres. Walmart, which recently signed a long-term lease extension with an absolute net structure backed by a corporate guarantee, has occupied the space for nearly 25 years. Ashish Vakhariya, Seth Haron, Darin Gross and Steven Weinstock of Marcus & Millichap represented the private equity fund seller and procured the …

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Deerbrook-Shopping-Center
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers Sale of 428,612-Square-Foot Deerbrook Shopping Center in Metro Chicago

by Abby Cox

Deerfield, Ill. — Mid-America Real Estate Corp. has brokered the sale of Deerbrook Shopping Center, a 428,612-square-foot open-air center located in Deerfield, approximately 28 miles north of downtown Chicago. The purchase price was $44 million, according to several media sources. The property spans 47.5 acres and is anchored by Jewel-Osco. Additional tenants include Marshalls, Floor & Décor, Sky Zone, Office Depot, Starbucks Coffee, Panera Bread, Noodles & Co., Sleep Number, City BBQ, Mattress Firm and Subway. Rick Drogosz, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, a global investment advisor, …

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GTZ-Properties
FinanceIllinoisNews

Associated Bank Provides $11.7 Million Construction Loan for Retail Center in Metro Chicago

by Abby Cox

Bannockburn, Ill. — Associated Bank has provided an $11.7 million loan to GTZ Properties for the development of a four-building, multi-tenant retail center on a vacant parcel in Bannockburn, approximately 30 miles north of Chicago. The 23,864-square-foot project is situated on a 5.3-acre corner lot adjacent to a Mariano’s grocery store and across the street from a Heinen’s grocery store. The development is 93 percent preleased with one space remaining. Signed leases include Wells Fargo Bank, Chipotle, Heart Certified Auto Care, Just Salad and a nail salon. The Gardner School …

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Wind-Point-shopping-center
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. Rick Drogosz and Eric Geskermann of Mid-America Real …

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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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