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East Peoria, Ill. — JLL Capital Markets has arranged the $21 million sale of The Levee District, a 137,304-square-foot, open-air retail power center located within the central Illinois town of East Peoria. Developed in 2013 on 11 acres, The Levee District consists of three buildings that are 94 percent leased. Tenants include Ulta Beauty, Best Buy, Ross Dress for Less and Boot Barn. The center is also shadow-anchored by Target, McDonald’s, Panera Bread and Red Robin.
Michael Nieder and Brian Page of JLL’s investment sales and advisory team represented the seller, Cullinan Properties, and procured the buyer, Chase Properties, in the transaction.