Thursday, August 30, 2012
CHICAGO, IL – HFF announced today that it has been named to market the sale of Yorkville Marketplace (top left photo), a 111,591-square-foot Jewel-Osco anchored shopping center in suburban Chicago.
HFF is marketing the property on behalf of the seller, a joint venture between affiliates of Tucker Development Corporation and American Realty Advisors. The property is listed without a formal asking price, free and clear of debt.
Yorkville Marketplace is located on 17.95 acres at the intersection of US Route 34 and Illinois Route 47 in Chicago’s western suburbs. Completed in two phases in 2002 and 2007, the property is anchored by Jewel-Osco and Office Max. Additional in-line tenants include Panera Bread, Quizno’s and GNC.
The HFF investment sales team representing the seller is led by director Daniel Kaufman (lower right photo) and associate director Amy Sands in the Chicago office, and senior managing directors Jim Batjer and Barry Brown in the firm’s Dallas office.
“We anticipate strong investor interest for Yorkville Marketplace given the quality of the shopping center’s tenancy which features a well-performing Jewel-Osco grocery store. Jewel is the dominant grocer in the Chicago region, and their store at Yorkville Marketplace is an important location for the retailer at Yorkville’s best retail node,” said Kaufman.
DANIEL A. KAUFMAN
AMY L. SANDS
HFF Associate Director, Marketing