Illinois

Bolingbrook, Ill. — Mid-America Real Estate Corp. has arranged the sale of The Landings at Bolingbrook, a 112,622-square-foot retail center located in the Chicago suburb of Bolingbrook. PetSmart, OfficeMax, Planet Fitness and Modern Furniture anchor the 91 percent-occupied center, which is also home to an out-lot building leased to Duly Medical, Noodles & Company and For Eyes Optical. Ben Wineman of Mid-America represented the seller, an affiliate of Atlanta-based RCG Ventures, in the transaction. 

Bolingbrook, Ill. — First National Realty Partners has acquired Maple Park Place, a 212,000-square-foot retail center located roughly 33 miles west of downtown Chicago in Bolingbrook. Rick Drogosz of Mid-America Real Estate Corp. represented the undisclosed seller in the transaction. The property is anchored by a 23,000-square-foot Aldi grocery store, as well as a 44,000-square-foot Burlington and a 32,000-square-foot Best Buy. Additional tenants at the time of sale included Advanced Auto Parts, Dollar Tree, Meineke, Benjamin Moore and X-Sport Fitness.

Hainesville, Ill. — Quantum Real Estate Advisors Inc. has brokered the $2.1 million sale of a multi-tenant retail center located on East Belvidere Road in Hainesville, a city in Northeast Illinois. At the time of sale, the property was leased by Starbucks Coffee, Chicago’s Red Hots, Luxe Salon and Lakemoor Dental. Jason Lenhoff of Quantum represented the seller, a locally based private investor. A Wisconsin-based private investor was the buyer.

Plano, Waukegan and New Lenox, Ill. — Hanley Investment Group Real Estate Advisors has arranged the sales of three multi-tenant retail properties in suburban Chicago for a combined $10 million.  The properties total 76,357 square feet and include Lakewood Springs Commons, a 26,300-square-foot center located at 200-270 Mitchell Drive in Plano; Cedar Center, a 22,370-square-foot property located at 100-196 West Illinois Highway in New Lenox; and Bay Ridge Court, a 27,687-square-foot center located at 422-484 North Green Bay Road in Waukegan.  Dylan Mallory, Jeff Lefko and Bill Asher of Hanley, …

Chicago — Silvestri Investments Inc. has acquired the flagship Neiman Marcus building located at 737 N. Michigan Ave. within Chicago’s Magnificent Mile, a 13-block shopping district that attracts more than 30 million visitors annually. The transaction is one of only eight trades on Michigan Avenue over the past decade, according to JLL, which brokered the sale. The luxury department store chain has operated its 195,500-square-foot location since the four-story building was constructed in 1983. The 1.2-acre Neiman Marcus boasts the largest continuous frontage on Michigan Avenue at 200 feet. Amy …

Bolingbrook, Ill. — M&J Wilkow and Bixby Bridge Capital have acquired The Promenade Bolingbrook in Bolingbrook, about 33 miles from Chicago. The open-air lifestyle center spans 779,000 square feet. Some of the tenants include Macy’s, Bass Pro Shops, Binny’s Beverage Depot, Ulta Beauty and DSW. The shopping center opened in 2007.