Holliday Fenoglio Fowler, L.P. (HFF) announced that it has closed the $24.5 million sale of Yorkville Marketplace, a 111,591-square-foot, grocery-anchored retail center in Yorkville, Illinois.
HFF worked on behalf of the seller, a partnership between American Realty Advisors and Tucker Development. Inland Real Estate Income Trust, Inc. purchased the asset.
Yorkville Marketplace is anchored by Jewel-Osco. The property is 92.5 percent leased to a strong mix of national and local necessity retailers, including Panera Bread, Office Max, Starbucks and AT&T.
The center is situated on 17.95 acres at the intersection of U.S. Route 34 and Illinois State Route 47. This location is the connection point for the residents of Kendall, Kane, DuPage and Will Counties and has an average traffic count exceeding 39,000 vehicles daily.
The HFF investment sales team representing the seller was led by directors Amy Sands and Clinton Mitchell and managing director Daniel Kaufman.
