First time ever presented on the market for sale, this retail portfolio totaling approximately 1,000,000 square feet of five unique properties was developed by the third generation of the DiMucci family known for building single and multi-family, power-grocery anchored centers, strip centers and free-standing buildings. Located in Naperville, Cicero, Palatine and Mt Prospect, these centers have a mix of national and strong regional and local retailers consisting of over 70 tenants with potential upside in new outlot development, redevelopment and leasing opportunities. The portfolio features anchor tenants, in-line shop space, outlots and free-standing pads with long term leases and anchor ground leases with several tenants dating back to 1990.
Property Tenants included:
Jeff Kowal, Senior Vice President of Investment Sales at Edgemark Commercial Real Estate Services LLC and John Thompson, Principal of Retail Focus represented the seller, DiMucci Companies. The portfolio was purchased through Tucker Development on behalf of Continental Realty.
For additional investment opportunities or a Property Valuation please contact:
Edgemark Commercial Real Estate Services LLC
Phone: 630-572-5611 Cell: 630-235-3319