JLL Capital Markets secured a $41.65 million financing of Danada Square West, a 314,819-square-foot grocery-anchored shopping center in Wheaton, Illinois.
JLL represented the borrower, DLC, in arranging the five-year, fixed-rate loan.
Danada Square West, at 120 Danada Square W., enjoys a prime location in DuPage County, approximately 30 miles west of downtown Chicago, at the intersection of Butterfield and Naperville Rd. This strategic positioning offers excellent visibility and access, with convenient proximity to major highways, dense residential areas, top-rated schools, and major employers, making it a focal point for both local residents and commuters in the western Chicago suburbs.
Constructed in 1988, Danada Square West showcases its enduring appeal and commercial viability with an impressive 92.7% occupancy rate. The center is anchored by a top-performing Jewel-Osco grocery store, a loyal tenant for more than 37 years. The property also features a robust mix of national retailers, including TJ Maxx, HomeGoods, Burlington, The Paper Store, Ulta and Five Below. Strategically positioned within a prime retail corridor, Danada Square West capitalizes on the area’s strong consumer traffic, which sees over eight million annual visits.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Scott Aiese, Managing Director Christopher Knight and Director Alex Staikos.
