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JLL Brokers Sale of Grocery-Anchored Glen Ellyn Center
JLL Capital Markets has closed the $30.2-million sale of Market Plaza, a 166,572-square-foot retail center anchored by Jewel-Osco in the Chicago-area suburb of Glen Ellyn, IL. The team of Amy Sands, Clinton Mitchell and Michael Nieder advised the seller, RPT Realty. North American Real Estate Group acquired the asset.
Renovated in 2009, Market Plaza was completed in 1965 and has been a staple of the community for decades, with Jewel-Osco serving as its primary tenant for more than 25 years. A diverse mix of retailers, including Ross Dress for Less, Dollar Tree, Staples, Sherwin-Williams, Sweet Basil, H&R Block, Royal Nail and Spa and Goldfish Swim School rounds out the tenancy.
Market Plaza is situated on 12.45 acres at 525-613 Roosevelt Rd. at the high-traffic, signalized intersection of Park Boulevard and Roosevelt Road, a location that exposes the property to approximately 45,000 vehicles per day.
- ◦Sale/Acquisition
