Park Center in Tinley Park is a 132,000-square-foot shopping center anchored by Chuck E Cheese, CFX Fitness, and American Freight, and shadow anchored by Aldi and Sam’s Club. With occupancy at acquisition at 75 percent, Core plans to implement a value-add strategy to lease up the vacancies.
The acquisition was brokered by Rick Drogosz of Mid-America Real Estate Corp. Financing was provided by American Commercial Bank & Trust and leasing will be headed by Paige Schiesser and Brooke Spinell of Mid-America. Property management services will be provided by Core Acquisitions.
Woodfield Plaza in Schaumburg is a 71,000-square-foot center that was 45 percent leased at the time of acquisition. Current tenants include David’s Bridal, Blick Art Materials, and Phenix Salon Suites. Woodfield Plaza acquisition financing was provided by Lakeside Bank. Property management services will be provided by Core Acquisitions.
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