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Bender Companies Acquires Arrive Town Center in Chicago
Bender Companies has acquired Arrive Town Center, located in Chicago’s northern suburb of Vernon Hills. Built in 2010, the mixed-use property features 85 luxury apartment homes, quality in-unit and community amenities, and 10,000 square feet of ground-floor retail.
JLL’s Kevin Girard, Zach Kaufman, and Bill Baumann represented Bender in the transaction. “We see an opportunity to increase occupancy within the retail space and modernize the kitchens and bathrooms to bring more value to the residents and our investors,” said Founder Kurt Bender.
Conveniently positioned near commuter rails and major highways, Arrive Town Center provides easy access to Chicagoland and O’Hare International Airport. The property features large one-, two-, and three-bedroom units with floor plans averaging 1,200 square feet.
The property will undergo improvements and a rebranding, taking on the new name, The Landing at Town Center. Arrive Town Center is the firm’s 13th acquisition in Illinois since 2019, bringing Bender Companies’ total number of units owned in Illinois to over 2,800.
