JLL closes sale of suburban Chicago retail center

Janice Sellis

CHICAGO, IL – JLL announced it has closed the sale of Mallard Crossing, an 80,708-square-foot, ALDI-anchored retail center in the northwestern Chicago suburb of Elk Grove Village, Illinois.

JLL represented the seller, IRC Retail Centers LLC, and procured the buyer, a vehicle sponsored by AmCap Management LLC.

Mallard Crossing Shopping Center, Elk Grove, IL

Mallard Crossing features market-leading anchor tenants Aldi, Ross Dress for Less and Dollar Tree, all of which signed long-term leases within the past year. Non-owned tenants at the property include Walmart and McDonald’s. 

The property was recently renovated to include improvements such as a new roof, parking lot and façade modernization.

 Located at 851-933 Meacham Road, the property is at the northeast corner of Meacham and Nerge Roads, which is visible to more than 38,000 vehicles per day.

 The town of Elk Grove Village is immediately adjacent to O’Hare International Airport and near the nation’s largest industrial park consisting of 62 million square feet of space and more than 5,600 businesses. 

The center is in an affluent neighborhood with more than 80,000 residents earning an average annual household income of more than $100,000 within a three-mile radius.

The JLL Capital Markets team that represented the seller was led by Executive Vice President Janice Sellis.

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Contact:

 Olivia Hennessey, JLL Public Relations Specialist 

Phone: +1 713 852 3403

Email: Olivia.Hennessey@am.jll.com

 ircretailcenters.com
jll.com
amcap.com.