JLL Capital Markets secured the sale of Hillside Town Center, a regionally dominant 160,330-square-foot open-air retail center in Hillside, Illinois, within the Chicago MSA.
JLL represented the seller, Hutensky Capital Partners. The buyer was Edgemark.
Hillside Town Center is strategically positioned at 30 South Mannheim Rd at the intersection of I-290 and Mannheim Rd, providing exceptional visibility to over 212,400 vehicles per day along the interstate and 33,800 vehicles per day on Mannheim Rd. 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 diverse tenant mix anchored by a shadow Target store that draws 1.6 million visitors annually and ranks in the top 35% of Target locations nationally. Major tenants include HomeGoods, Ross Dress for Less, Michaels, Petco and Planet Fitness, with national tenants accounting for 87% of total income.
The property demonstrates exceptional leasing momentum with nine recent deals totaling over 110,000 square feet, including a brand new 10-year lease with Planet Fitness and eight renewals. The weighted average lease term is seven years with no single tenant representing more than 15% of revenue.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Director Michael Nieder and Director Brian Page.
