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Chicago & Midwest  + Greater Chicagoland  + Office  | 
1st Street Development St. Charles IL

Colliers Engineers Deal for St. Charles Mixed-Use Trophy

Colliers Chicago’s Peter Block, Tyler Hague and Lauren Stoliar represented First Street Development, LLC, in the sale of 1st Street Development, a trophy mixed-used development in St. Charles, IL. The project took 15 years to complete and is the epicenter of the city’s master planned downtown. Tabani Group, LLC, owners of several similar projects in the Chicagoland area, acquired the development for an undisclosed sum. 

“This was a truly one-of-a-kind opportunity to acquire a stabilized investment with upside in a premier Chicago suburb,” said Block. “It’s an ideal site that supports multiple uses and an unrivaled location for investment returns and national exposure.” 

The asset consists of approximately 92,000 square feet of retail and office space and a 16-unit apartment complex across five buildings. Notable tenants include Kilwin’s, Gia Mia, Alter Brewing, XSport Fitness, Coldwell Banker, Ohio Farmers Insurance and Regus, among others. It’s currently 97% leased. 

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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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