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| Main Street Marketplace, 2400--2438 Main Street, Evanston, IL |
CHICAGO, IL –– Holliday Fenoglio Fowler, L.P.
(HFF) announced it has secured $15 million in financing for Main Street
Marketplace, a 126,311-square-foot, grocery-anchored retail center in Evanston,
a suburb north of Chicago.
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| Amy Sands |
HFF worked
on behalf of the borrower, Kap-Sum Properties, LLC, an affiliate of Bond
Companies, to place the seven-year, fixed-rate loan with a program managed by
Ares Management LLC’s Real Estate Group.
Anchored by
Food 4 Less and Marshalls, Main Street Marketplace is 96.9 percent leased to
Planet Fitness, Little Wok, Great Clips, Sarpino's Pizzeria, Wing Stop,
LifeSource Bank and the Food 4 Less Fuel Station.
Shadow-anchors Sam’s Club and Fifth Third
Bank share the 546 surface parking spaces with the center’s tenants.
The property is situated on 12 acres at
2400-2438 Main Street in Evanston, Illinois, at the southeast corner of Main
Street and McCormick Boulevard.
The HFF debt
placement team representing the borrower was led by managing director Danny Kaufman and directors Amy Sands and Clinton Mitchell.
“It has been a pleasure working with the Bond
Companies and Ares Management’s real estate lending team on this financing,”
Kaufman said. “Main Street Marketplace
is a critical retail asset serving Evanston’s dense trade area. The property is one of suburban Chicago’s
best-performing grocery-anchored shopping centers.”
For a complete copy of the company’s
news release, please contact:
Kristen M.
Murphy
Associate
Director
HFF | One
Post Office Square, Suite 3500 | Boston, MA 02109
Main:
617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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