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Chicago & Midwest  + Illinois  + Retail  | 

Bridge33 Acquires Chicago-Area Retail

JLL Capital Markets recently closed the sale of Broadview Village Square, a 193,536-square-foot, value-add retail center in the Chicago-area community of Broadview, IL. The seller wasn’t identified; public filings show the property was owned by Spirit Realty.

Bridge33 Capital LLC purchased the center for an undisclosed sum. Published reports indicate it last traded in 2007 for $28.5 million to Cole Credit Property Trust II, which later merged with Spirit.

The JLL team representing the seller was led by managing directors Amy Sands and Clinton Mitchell, and EVP Janice Sellis.

Broadview Village Square is home to mainly national tenants, including Ross Dress for Less, Subway, Marshalls, PetSmart, GNC and Sally Beauty. It’s shadow-anchored by LA Fitness, Ashley Furniture HomeStore, Super Target and The Home Depot.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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