A joint venture between PCCP, LLC and KPR Centers has acquired Schaumburg Corners, a 100% leased 160,301-square-foot shopping center located at 16-66 E Golf Rd. in the northwestern Chicago suburb of Schaumburg, IL. The seller was Kensington Development Partners. Deal terms weren’t disclosed.
The center is anchored by Amazon Fresh (44,228 square feet), Bob’s Furniture (32,055 square feet), Office Depot (19,190 square feet), Petco (14,729 square feet), and H Mart (10,949 square feet).
The well-located, highly visible property has frontage along Golf Road, a major east-west thoroughfare, and along Roselle Road, a major north-south thoroughfare with an I-90 on/off ramp less than half a mile from the asset.
Additionally, Schaumburg Corners is just south of the I-90/I-290 interchange, 10 minutes’ drive time Brookfield’s 2.2-million-square-foot Woodfield Mall, 15 minutes to O’Hare International Airport, and 45 minutes from downtown Chicago.
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).