Joliet, Ill. — Cullinan Properties Ltd. has broken ground on Rock Run Crossings, a 265-acre mixed-use project in Joliet. Cullinan is underway on clearing the site and plans to begin construction late this spring. A groundbreaking ceremony took place Friday, March 22. Cullinan has also revealed the first anchor tenant at Rock Run Crossings will be a 16-screen Regal Cinemas movie theater that will span 70,000 square feet. The developer plans to announce more tenants later this year.
Arlington Heights, Ill. — SVN | Chicago Commercial has arranged the sale of The Esplanade at Arlington Heights for $4.4 million. The 18,419-square-foot retail property is located at 2920-2964 W. Euclid Ave. in Arlington Heights, Illinois. Subway and Starbucks Coffee are the anchor tenants. Tim Franz and John Livaditis of SVN represented the seller, a private real estate investment group. The buyer was not disclosed.
Sycamore, Ill. — The Silver Group has arranged the sale of a single-tenant property occupied by Jewel-Osco in Sycamore, Illinois, located 40 miles southeast of Rockford.
Peoria, Ill. — Portland, Oregon-based breakfast chain Original Pancake House will open a 3,800-square-foot restaurant within the company’s Grand Prairie Developments, a 200-acre mixed-use collective development project by Cullinan Properties Ltd., in Peoria.
Vernon Hills, Ill. — Graycor Construction Co. has completed the retail portion of Mellody Farm, a mixed-use development located in Vernon Hills, about 36 miles north of Chicago.
Lake in The Hills, Ill. — Brookline Real Estate & Investments has arranged the $2.6 million sale of a 6,584-square-foot retail building in Lake in the Hills, Illinois, about 45 miles northwest of Chicago.
Woodbridge, Arlington Heights and O’Fallon, Ill. — Hanley Investment Group Real Estate Advisors has arranged the sale of three single-tenant retail properties in Illinois for a total of $5.2 million.
Hillside And Oswego, Ill. — Sterling Organization has acquired a two-property retail portfolio in metro Chicago for an undisclosed price.
Morton Grove, Ill. — Kensington Development Partners and IM Properties have acquired Prairie View Plaza Shopping Center, a 310,000-square-foot retail center in Morton Grove.
Woodridge, Ill. — North American Real Estate (NARE) has acquired Woodgrove Festival in Woodridge, located 29 miles west of Chicago, for $20 million.
