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Chicago & Midwest  + Greater Chicagoland  + Retail  |  March 23, 2026
Jasmine Kilman
By: Jasmine Kilman

Octave Holdings Acquires 172K-SF Geneva Shopping Center for $29M

Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Randall Square, a 171,860-square-foot premier shopping center serving the Chicago suburb of Geneva. The sales price was $29 million.

Randall Square is an institutional-quality asset with a lineup of top-performing national tenants, including Nordstrom Rack, Marshalls, Ulta, PetSmart, Skechers, Five Below, Uncharted and Old Navy.

Mid-America Real Estate Corporation Principal Joe Girardi and Vice President Emily Gadomski served as the exclusive listing brokers on behalf of the seller, Viking Partners. The property was acquired by Octave Holdings. Viking originally purchased the property in October 2023 for $31 million.

Located at 1460 S Randall Road, 96%-occupied Randall Square is strategically positioned along the highly trafficked Randall Road retail corridor in Geneva, with an average household income of over $160,000.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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