JLL has closed the sale of Aurora Commons, a 125,826-square-foot, open-air retail center located within the Chicago MSA in Aurora, Illinois. JLL represented the seller, IRC Retail Centers, and Sperry Equities acquired the asset. The JLL Capital Markets Investment Sales and Advisory team was led by Michael Nieder, Keely Polczynski and Caity Tirakian.
Built in 1988, the 75-percent-occupied center is anchored by Ross Dress for Less and DD’s Discounts, and additional tenants include Five Below, Dollar Tree, T-Mobile, and H&R Block. Situated at 1272 N. Lake Street, Aurora Commons is located at the intersection of Illinois Route 31 and Indian Trail Road.
The center is just 40 miles west of downtown Chicago and 12 miles west of downtown Naperville. The property is near other retail centers, including Chicago Premium Outlets, Lake Plaza, and North Aurora Towne Center, as well as numerous healthcare centers, such as Ascension Mercy Hospital, Rush Copley Medical Center and Advocate Health Care.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.