ICSC@Midwest
Earlier this month, our team attended the Annual International Council of Shopping Center’s Chicago Dealmaking conference. Just as the retail sector has evolved with online shopping and in the aftermath of the pandemic, so has our business evolved. However, our retail portfolio remains well occupied, and we are committed to continuing to pursue attractive investment […]
Wilmette Commons Transformation
When Cycle Bar opens its doors at Wilmette Commons in early November, it will mark one of the final steps in transforming what once was a traditional neighborhood center into one that today is focused on health, wellness, and beauty. The recent execution of a lease with a new dental office brings the center to […]
Anatomy of a 20-Year Deal
The last issue of “The Next Perspective” highlighted the disposition of a Best Buy property in Deptford, New Jersey. Following is a story that looks more closely at that disposition and “The Anatomy of a 20-Year Deal.” The purchase of a 60,000-square-foot Best Buy store in Deptford, NJ in 2001 was one of the first […]
Next Realty Affiliate Acquires Former Bank Facility Outlot in Barrington
In a strategic acquisition, an affiliate of Next Realty acquired the vacant outlot parcel located at 550 N. Hough Street, adjacent to The Shops at Flint Creek Shopping Center in northwest suburban Barrington. The property is situated at the entrance of The Shops of Flint Creek and has over three hundred linear feet of unobstructed […]
Next Realty Affiliate Sells Nagle Plaza in Chicago
Nagle Plaza, the first acquisition for Next Realty Fund VII, was recently sold by an affiliate of Next Realty. The property, located at 6304-6310 Nagle Ave., is a 30,000 square-foot, mixed-use property consisting of retail space and a two-story office building. Located in a busy trade area at the intersection of Milwaukee, Devon and Nagle […]