Lombard, Ill. — Aldi has opened a 22,951-square-foot store at Roosevelt Plaza, a shopping center located in the Chicago suburb of Lombard. An affiliate of Next Realty LLC owns and manages the property. Aldi now occupies a space that was formerly home to X-Sport Fitness. Other tenants at the center include Hobby Lobby, Harbor Freight Tools, Fruitful Yield, Roadhouse 38 and Starbucks Coffee. The tenant build-out involved installing freezer and cooler spaces and removing the locker room facilities used by the previous tenant.
Chicago — Mid-America Real Estate Corp. has arranged the sale of Lawndale Plaza, a 104,240-square-foot shopping center in Chicago’s Lawndale neighborhood. Anchored by Freshway Market, the property is leased to tenants including Citi Trends, Taco Bell, PNC, Rainbow, Cosmo Superstore and O’Reilly Auto Parts. Rick Drogosz and Emily Gadomski of Mid-America represented the seller, Mercer Street Holdings Three. Acre Investment Co. LLC was the buyer.
Deer Park, Ill. — Five new tenants have joined the tenant roster at Deer Park Town Center, a shopping center located in Deer Park, roughly 40 miles outside Chicago. Victoria’s Secret has opened a 4,965-square-foot store at the property, and Clean Juice, The Shade Store and Aerie are scheduled to open this spring, occupying 1,371; 1,550 and 4,500 square feet, respectively. Ancho & Agave will also open an 8,750-square-foot restaurant at the center this fall. JLL manages the property.
Normal, Ill. — Marcus & Millichap has negotiated the $2.5 million sale of two retail centers located in the college town of Normal. The adjacent properties are located near Illinois State University. Totaling approximately 17,500 square feet, the centers are primarily leased to local tenants including a marijuana dispensary, coffee shop, pizza parlor, regional medical provider and laundromat. Eric Bell, Jordan Callaway and Mitchell Kiven of Marcus & Millichap represented the seller, a real estate developer.
Oak Lawn, Ill. — A joint venture between Core Acquisitions and T2 Capital Management has sold a fully leased two-tenant retail center located in the Chicago suburb of Oak Lawn. Chicago Title and Hassleless Mattress occupy the center. A California-based buyer acquired the property, which recently underwent a full renovation, for $2.1 million. Chad Firsel and Brett Berlin of Quantum Real Estate Advisors represented the seller in the transaction.
Naperville, Ill. — NewQuest Asia-Pacific Retail is scheduled to break ground in February on the redevelopment of a former Dominick’s-anchored shopping center in Naperville. The Houston-based developer acquired the 140,892-square-foot property eight months ago in an off-market transaction. The 27-year-old center is 35 percent leased. NewQuest Asia-Pacific Retail specializes in development opportunities in markets with Asian-dense populations. The developer plans to reposition the Naperville shopping center with an Asian focus and incorporate green spaces. To date, roughly 62,000 square feet of leases are in various stages of negotiations, including a commitment …
Chicago — JLL Capital Markets has brokered the $30 million sale of The Retail and Parking at Marina City, a 146,000-square-foot retail, dining and entertainment complex with structured parking along the Chicago Riverwalk. The property, situated at the base of two condominium buildings, is located in the heart of the city’s River North neighborhood. Architect Bertrand Goldberg designed the property, which has been a popular destination for locals and tourists, in 1958 as a “city within a city.” Retail tenants at the development include Smith & Wollensky, Legal Sea Foods, Yolk, …
Buffalo Grove, Ill. — Mid-America Real Estate Corp. has arranged the sale of Spoerlein Commons, a 41,455-square-foot retail center located in the Chicago suburb of Buffalo Grove. In addition to medical, wellness, restaurant, retail and service tenants, the property features second-floor office space. Rick Drogosz, Emily Gadomski and George Ghattas of Mid-America represented the institutional seller. CRE Pro was the buyer.
Glenview, Ill. — Mid-America Real Estate Corp. has brokered the sale of Glenbrook Marketplace, a shopping center totaling 47,873 square feet in the Chicago suburb of Glenview. Tenants at the property include Starbucks Coffee, Fifth Third Bank, Athletico, Club Pilates, X Golf, Studio Spin and Jimmy John’s. Walgreens shadow anchors the property. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Northpond Partners. Phillips Edison & Co. Inc. was the buyer.
Vernon Hills, Ill. — Six new tenants have signed leases at Hawthorn, a shopping center located in Vernon Hills, roughly 40 miles outside Chicago. Sephora, Anthropologie, FP Movement, The Lovesac Co. and Perry’s Steakhouse & Grille will open at the property next year. Dom’s Kitchen & Market will also open a store in 2025. Other tenants at the center include Maggiano’s and AMC Hawthorn 12.