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.
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).