Deer Park, Ill. — Three new tenants have joined Deer Park Town Center, a shopping center located approximately 35 miles outside Chicago in Deer Park. Sweetgreen has opened a 2,156-square-foot restaurant and Victoria’s Secret has signed a 4,965-square-foot lease at the property. The Shade Store will also open at the center in spring 2024.
St. Charles, Ill. — Marcus & Millichap has brokered the $4.1 million sale of a 31,650-square-foot retail property located in St. Charles, roughly 40 miles east of Chicago. Blue Goose Market previously occupied the building and closed in March 2022. The buyer, an undisclosed developer, plans to redevelop the property, which was originally built in 2008, into a national-branded grocery store. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented both the seller, a limited liability company, and the buyer.
Evanston, Ill. — Quantum Real Estate Advisors Inc. has arranged the sale of Church Street Plaza, a 9,589-square-foot retail center located in Evanston. Tenants at the property include Semper Laser, Pure Barre, Noodles & Co., CycleBar and Big Wig Tacos. Dan Waszak and Zack Hilgendorf of Quantum represented the seller, GW Properties. T SW Neighborhood Centers II, an affiliate of Shannon Waltchack, acquired the property for an undisclosed price.
Chicago — Marcus & Millichap has brokered the $5.2 million sale of Kedzie Plaza, a retail center totaling 73,876 square feet in Chicago. Tenants at the property include Dunkin’ Donuts, Metro by T-Mobile, Subway, Domino’s and Sally Beauty. Adrian Mendoza, Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the buyer, a local private investor.
Alsip, Ill. — Lee & Associates has arranged the $1.8 million sale of a retail pad located in Alsip, roughly 25 miles southwest of Chicago. A Belle Tire location will be developed on the 1-acre site, which was previously occupied by Bakers Square Restaurant. Rick Scardino of Lee & Associates represented the seller, Orion Capital, in the transaction. Dave Chopp and Ryan Chopp of DRC Realty represented the buyer, Barnes Development Co. doing business as Belle Tire.
Chicago — A joint venture between Hubbard Street Group and College Park Athletic Clubs has announced plans to open a 41,000-square-foot pickleball-themed sports and entertainment center in Chicago. Dubbed Pickle Haüs, the concept will occupy a former retail store and feature 12 indoor pickleball courts, three golf simulators, an outdoor patio and a bar, entertainment and event space. Hubbard Street has owned the vacant building since 2018, and construction is currently underway on the property. The project team also includes Food is Family, Harken Interior Design, Hirsch MPG, William A. Randolph …
Chicago — SRS Real Estate Partners has brokered the $3 million sale of a single-tenant retail property located in Chicago. Wendy’s occupies the 4,031-square-foot building, which was built in 1983 and renovated in 2022, on a net-lease basis. Sean Lutz and Dan Elliot of SRS represented the seller, a California-based private investor, in the transaction. Bruce Lee and Hope Kim of New Star Realty represented the buyer, also a California-based private investor.
Glenview, Ill. — Marcus & Millichap has arranged the sale of a 75,649-square-foot retail center in the Chicago suburb of Glenview for $18.1 million. Anchored by Advocate Medical, the property was 97 percent leased at the time of sale. Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a local private investor. Adrian Mendoza of Marcus & Millichap secured and represented the buyer, a locally based limited liability company.
Glenview, Ill. — Marcus & Millichap has arranged the $10.2 million sale of Shops at Glen Pointe in Glenview, about 20 miles northwest of Chicago. Tenants at the retail center, which comprises three buildings, include Chipotle Mexican Grill, Starbucks Coffee, Naf Naf Grill and AT&T. The property serves as an outlot to Mariano’s and LA Fitness. Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a local limited liability company. An Iowa-based investment group was the buyer.
Chicago — Colliers has arranged the $10.5 million sale of a portfolio comprising seven retail properties and one industrial building in metro Chicago. The sale represents the first part of a multi-phase transaction that includes 22 retail properties, three land sites and one industrial building. Peter Block and Rachel Patten of Colliers represented the seller, a family office, in the disposition of the properties to Arnold Meyer & Co. Block expects to close on the remaining properties in the portfolio this summer.
