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Target-Anchored Retail Center in Suburban Chicago Trades Hands
JLL has secured the sale of Hillside Town Center, a 160,330-square-foot open-air retail center located in Hillside, Illinois, within the Chicago MSA.
JLL represented the seller, Hutensky Capital Partners. The buyer was Edgemark. JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Director Michael Nieder and Director Brian Page.
Hillside Town Center is strategically positioned at 30 South Mannheim Road, the property is located just 0.10 miles from a full two-way interchange and 12.5 miles from downtown Chicago. The center is 99% occupied across six buildings and features a tenant mix anchored by a shadow Target store. Other major tenants include HomeGoods, Ross Dress for Less, Michaels, Petco and Planet Fitness.
“Hillside Town Center represented an exceptional opportunity to acquire a cash-flowing retail asset with strong fundamentals in the Chicago market,” said Nieder.
