Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Eastham Capital Fund Acquires 75% Stake in Vernon Hills Retail Property
Eastham Capital, a private equity real estate firm, has announced the acquisition of a 75% ownership interest in The Landing at Town Center, a premier mixed-use community in Vernon Hills, Illinois.
Eastham Capital has invested through its current fund, Eastham Capital Fund VI, LP. The acquisition also includes a significant renovation budget. Chicago-based Bender Companies will manage the property and oversee its enhancements.
“We are thrilled to be partnering again with Bender in The Landing at Town Center. This transaction reaffirms our ongoing commitment to high-quality investments in thriving markets,” said Matthew Rosenthal, founder and managing partner of Eastham Capital. “This property’s prime location, robust local economy, and strong tenant demand align perfectly with our strategic investment goals.”
Located at 1255 Town Center Rd, Vernon Hills, The Landing at Town Center features 85 upscale residential units and 10,609 square feet of ground-floor retail space. The venture has plans for a modest renovation to the property.
