shopping center

Cushman & Wakefield Represents Klaff Realty in Acquisition of South Loop Shopping Center

CHICAGO, August 3, 2016 – Cushman & Wakefield today announced that Klaff Realty, LP, a privately owned real estate investment company, has acquired a 26,380 square foot shopping center at 542-566 West Roosevelt Road in Chicago’s South Loop neighborhood for $6.15 million. The fully leased property is located in the heart of the emerging South Loop retail corridor, blocks from the University of Illinois-Chicago and near a host of national retailers such as Target; Whole Foods; Walgreens; Nordstrom Rack; Bed, Bath & Beyond; Dick’s Sporting Goods; and more. Klaff Realty was represented by Cushman & Wakefield Director Nicholas Kanich and Senior Directors Evan Halkias and Michael Marks in the transaction. Specializing in the acquisition, redevelopment and management of distressed and undervalued retail assets throughout the United States and Latin America, Klaff has been involved in the value creation of the real estate of several of the nation’s largest retailers. The [...]

Cushman & Wakefield Arranges $15M Sale of Fabyan Randall Plaza

CHICAGO, May 16, 2016 – Cushman & Wakefield has arranged the sale of Fabyan Randall Plaza, a 91,415 square foot shopping center anchored by Trader Joe’s and Walgreens located at 1980 W. Fabyan Parkway in Batavia, Ill. Senior Directors Evan Halkias and Michael Marks, and Director Nick Kanich of Cushman & Wakefield’s Retail Investment Advisory Group represented the seller, InvenTrust Properties. The buyer was Dallas-based Netco Investments, Inc. “Fabyan Randall Plaza is well positioned along the heavily-travelled Randall Road corridor,” said Halkias. “By leasing the existing vacancy and leveraging the co-tenancy of Trader Joe’s and Walgreens, the new owner has an opportunity to add significant, immediate value.” Situated on 11 acres, Fabyan Randall Plaza has a prominent location at the intersection of Randall Road and Fabyan Parkway with more than 60,000 vehicles passing the shopping center daily. In addition to Trader Joe’s and Walgreens, other national tenants include Smashburger, Sports [...]