Aurora, Ill. — Seven new tenants have signed leases at Fox Valley Mall, a three-story shopping center located in Aurora, roughly 40 miles outside Chicago. UTime Gamers and FunBox are now open at the property, in spaces comprising 1,843 square feet and 25,000 square feet, respectively. Molly’s Cupcakes, DDC Wraps, New Beautee, hotRAGS and Showroom have also signed leases at the center. The concepts will occupy 852; 1,172; 1,686; 2,125; and 2,140 square feet, respectively. Centennial is the landlord.
Oswego, Ill. — First National Realty Partners has acquired Townes Crossing, a 105,731-square-foot retail center located in Oswego, roughly 50 miles outside Chicago. A 65,000-square-foot Jewel-Osco store anchors the property. Other tenants at the center include Phenix Salon Suites, Oswego Dental, The UPS Store and Subway. Evan Halkias of Cushman & Wakefield represented the undisclosed seller in the transaction.
Geneva, Ill. — Lamar Cos., in partnership with Real Capital Solutions, has acquired Geneva Commons, a 440,370-square-foot shopping center in the Chicago suburb of Geneva. Dick’s Sporting Goods and Barnes & Noble anchor the property. Other tenants at the center include Sephora, Athleta, Lovesac, Williams Sonoma, Pottery Barn, Bath & Body Works, J. Crew Factory and First Watch. Lamar plans to implement capital improvements to the property.
Romeoville, Ill. — PMAT Cos. has acquired The Shops of Romeoville, an 82,660-square-foot retail center located in the Chicago suburb of Romeoville. Tenants at the property, which was 65 percent occupied at the time of sale, include T.J.Maxx, Petco and Discovery Clothing. Since purchasing the center in December 2023, PMAT has renewed existing anchor tenancy and executed a new long-term lease with Ross Dress for Less.
Chicago — Retail brokerage firms Segovia Partners and Braden Real Estate have announced plans to merge. Marc Offit heads Braden Real Estate, which features offices in Chicago and Florida. Jennifer Frank and Jack Breard lead Dallas-based Segovia Partners. Offit will remain managing broker for the Illinois and Florida brokerage teams, with Courtney Waldon appointed president of the Chicago office. Segovia plans to add a senior team member to run the West Coast of Florida office. Additionally, Tim Gearhart will join the Segovia Partners Chicago office as a principal, focusing on national …
Machesney Park, Ill. — Marcus & Millichap has brokered the $4.2 million sale of a single-tenant retail property located in Machesney Park. Walgreens occupies the building. Constructed in 2008, the property totals 14,490 square feet. Joe Sparano, Dan Yozwiak and Darpan Patel of Marcus & Millichap represented the seller, a limited liability company. Steven Weinstock of Marcus & Millichap assisted in closing the transaction. A local 1031-exchange buyer acquired the property.
River Forest, Ill. — Whole Foods Market has signed a long-term lease renewal and expansion at River Forest Town Center in River Forest, approximately 11 miles outside downtown Chicago. In addition to implementing a full remodel, Whole Foods will take over a 7,000-square-foot space formerly occupied by Rally House. Dick Spinell of Mid-America Asset Management and Scott Stefanik of Midwest Commercial Realty arranged the lease. This year marks the 30-year anniversary of Whole Food’s opening at the property.
Chicago — Mid-America Real Estate Corp. has arranged the sale of Marketplace at Six Corners, a 116,941-square-foot shopping center in Chicago. Newmark Merrill purchased the asset for an undisclosed price. Anchor tenants at the property include Jewel-Osco, Marshalls, PetSmart and Famous Footwear. Rick Drogosz of Mid-America represented the seller, IRC Retail Centers/DRA Advisors. Pine Tree managed the center on behalf of the seller at the time of sale.
Park Ridge, Ill. — Mid-America Real Estate Corp. has brokered the sale of Village Green Shopping Center, a 65,038-square-foot retail center located in the Chicago suburb of Park Ridge. The center was 93 percent leased at the time of sale. Tenants at the property include BMO, Lou Malnati’s, Goldfish Swim School, Wheel & Sprocket, Midwest Orthopedics, Westside Children’s Therapy, BFT, FedEx Office and Subway. Ben Wineman and Emily Gadomski of Mid-America arranged the sale on behalf of a private investment group.
Oakbrook, Ill. — Graycor Construction Co. has completed Wonderverse, a 45,000-square-foot entertainment space at Oakbrook Center in suburban Chicago. The project features a hybrid of physical and multi-media experiences, interactive installations, attractions and experiences, allowing visitors to step into their favorite Sony Pictures stories. Sony is the project’s owner. The space includes escape rooms, virtual reality adventures, bumper cars, racing simulators, an arcade and speakeasy. The project team included Scenario as the owner’s representative and EXP as the architect of record.