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AmCap Acquires Grocery-Anchored Center in Hoffman Estates
AmCap, Incorporated has acquired Hoffman Plaza, a 146,263-square-foot, high volume, grocery-anchored shopping center in the Chicago suburb of Hoffman Estates, IL. The property was purchased for an undisclosed sum through a joint venture with Encore Enterprises.
Hoffman Plaza is anchored by a Jewel-Osco supermarket and Burlington. Jewel-Osco has operated for nearly 50 years at this location.
Jake Bisenius, president and CIO of Stamford, CT-based AmCap, said, “Hoffman Plaza is an exceptional asset that we were fortunate to acquire. The site captures the essence of our focus on acquiring well-located properties with tenants that are essential businesses that serve daily needs, are internet resistant and are established members of their respective communities.”
With leasing underway, Hoffman Plaza joins other AmCap-managed centers in the Chicago area. The center is more than 96% occupied, with a few retail spaces for lease available up to 5,651 square feet.
- ◦Sale/Acquisition

