Simon developed Buffalo Grove Town Center, a 195,101-sf retail center on a 21.8-acre parcel, in 1989. The center is located at the northwest quadrant of the intersection of Lake Cook Road and Route 83 (Old McHenry Blvd.).
Included in the center's space is an Eagle Food Store, totaling about 56,200 sf and two restaurant outlots, each totaling 3,000 sf and currently occupied by a Burger King and Boston Market. These parcels are owned by third parties and were not included in the sale.
Arthur Goldner & Associates, a private investment and real estate firm, has embarked on a leasing campaign to re-tenant the center, which was about 30% vacant at the time of the sale.
The gross leaseable area acquired by Arthur Goldner & Associates totaled 132,900 sf. The largest tenants of Buffalo Grove Town Center include Buffalo Grove Theaters, 14,300 sf; Binny's Beverage Depot, 14,200 sf; Baby Town, 9,400 sf; Porter's Steak House, 9,000 sf; and Mongolian China Buffet, 7,600 sf.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
