Chicago-area retail center anchored by Mariano’s Fresh Market sells
JLL Capital Markets closed the sale of Prairie Point Shopping Center in Aurora, Il
CHICAGO, Sept. 15, 2021 – JLL Capital Markets announced today that it has closed the sale of Prairie Point Shopping Center, a 91,535-square-foot neighborhood shopping center anchored by Mariano’s Fresh Market in the Chicago-area community of Aurora, Illinois.
Prairie Point Shopping Center is anchored by Mariano’s Fresh Market, a Midwestern grocery store chain that is part of the Kroger family of companies, and is also home to a variety of national and regional tenants, including Pet People, Prairie Point Dental, Buchar Family Chiropractic and Hair Cuttery.
Situated on 10.33 acres at 3015-3025 East New York St., Prairie Point Shopping Center is in the affluent western suburb of Aurora, the second most populous city in Illinois after Chicago. More than 76,500 residents earning an average annual household income of $113,693 live within a three-mile radius of the center.
The JLL Retail Capital Markets team representing the seller was led by Managing Directors Clinton Mitchell and Amy Sands and Director Michael Nieder.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Walton Street Capital
Walton Street Capital, L.L.C. is a private equity real estate investment firm. Since its founding in 1994, affiliates of Walton Street Capital have received total equity and loan commitments of approximately $14 billion from public and corporate pension plans, foreign institutions, insurance companies and banks, endowments and foundations, trusts, and high net worth individuals. Affiliates of Walton Street Capital have invested and/or committed to invest over $12 billion of equity in more than 500 separate transactions.