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Chicago & Midwest  + Greater Chicagoland  + Retail  | 
Kimco has sold Wind Point Shopping Center, a grocery-anchored center in Batavia, IL, to PMAT for $20.5 million

Kimco Trades Batavia Shopping Center to PMAT

JLL Capital Markets closed the $20.5-million sale of Wind Point Shopping Center, a 274,282-square-foot, grocery-anchored, open-air retail asset located in Batavia, IL.JLL represented the seller, Kimco. PMAT acquired the asset, marking its second on the Randall Road corridor in high-income suburban Chicago. 

The JLL Capital Markets Investment Advisory team representing the seller was led by managing directors Amy Sands and Clinton Mitchell and director Michael Nieder. 

Built in 1999, the 72.5%-occupied community center is anchored by Aldi and Hobby Lobby. Additional tenants include Kohl’s, Office Max, Petland, Chili’s, Mattress Firm, AT&T and Swordfish Sushi.. 

“Shopping centers anchored by a grocery component combined with true value-add continue to attract the widest range of capital in today’s market,” said Sands. “Wind Point had the added attraction of being located in the same city as Aldi’s corporate headquarters, furthering the appeal and commitment from the grocer.” 

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JLL's Sands

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).

  • ◦Sale/Acquisition
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