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Chicago & Midwest  + Greater Chicagoland  + Retail  | 
Liberty Square shopping center in Wauconda, IL is anchored by a Jewel-Osco supermarket

AmCap Adds Fifth Grocery-Anchored Center to Chicago-Area Portfolio

Stamford, CT-based private equity firm AmCap Inc. acquired Liberty Square, a 107,431-square-foot, high volume grocery-anchored, shopping center in the Lake County suburb of Wauconda, IL, for an undisclosed sum. The addition of Liberty Square brings AmCap’s Chicago-area presence to five grocery-anchored centers. 

A 54,522-square-foot Jewel-Osco anchors the center, which is also home to several complementary businesses and restaurants. These include the U.S. Postal Service, Charter Fitness, KFC, Subway, Pet Supplies Plus and PNC Bank. 

“Liberty Square continues AmCap’s mission of 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,” said president and CIO Jake Bisenius. “Solid economic and demographic trends in the Chicago submarkets are supporting retail sales growth.” 

AmCap’s Chicago-area portfolio also includes Norridge Commons in Norridge, Mallard Crossing in Elk Grove Village, NorthPoint Center in Arlington Heights and Hoffman Plaza in Hoffman Estates.

Photo credit: Broad Reach Retail. 

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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 13-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 15-20 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).

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