Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications

Greenstone Partners closes sale of Kohl’s-anchored retail center

August 9, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Greenstone Partners successfully sold Mount Prospect Center, a 192,000-square-foot, multi-tenant shopping center located on 16.8 acres at the corner of Dempster Street and Elmhurst Road in Mount Prospect, Illinois, a northwest suburb of Chicago. The diverse tenant line-up includes a mix of inline, big box, junior box and out lot tenants.

The investment offers the purchaser reliable cash flow from recent long-term tenant renewals, including Kohl’s, while acquiring the property at a substantial discount-to-replacement cost. The investor also benefits from the ability to add value by leasing the valuable vacant space.

Greenstone fielded multiple offers and exclusively represented the seller, an East Coast-based REIT, and also procured the purchaser, a northern California-based buyer. Greenstone Asset Management has been engaged to manage the property for the out-of-state purchaser.

Tags
Greenstone Asset ManagementGreenstone PartnersIllinoisMount Prospectretail
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IowaHealthcare

Iowa’s St. Anthony Region Hospital wraps renovations on dialysis and obstetrics departments

September 27, 2023
MichiganRetail

Marcus & Millichap closes sale of Michigan retail center anchored by Five Below, Office Depot

September 27, 2023
MinnesotaOffice

To sublease or not? That is the question

Katie TrevenaSeptember 27, 2023
MinnesotaHealthcare

Forte Real Estate Partners closes two leases for Minnesota healthcare providers

September 27, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com