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Mount Prospect, Ill. — Newmark has arranged the $95 million sale of Randhurst Village, a 931,798-square-foot open-air power center located in Mount Prospect, roughly 20 miles northwest of downtown Chicago. Situated on more than 94 acres, Randhurst Village is anchored by Costco, Jewel-Osco and The Home Depot, alongside a mix of national retailers such as T.J. Maxx, HomeGoods, AMC Theatres, Skechers, Orangetheory Fitness and PetSmart.
Randhurst Mall was redeveloped into the open-air Randhurst Village in 2011, following the closure of the original enclosed mall in 2008 and its subsequent demolition in 2009.
Conor Lalor and Keely Polczynski of Newmark represented the seller, DLC, in the transaction. The buyer was Rhino Investment Group.