Done Deals: Two regional retail centers sold for Walton Street Capital

Monday, January 4, 2021

Two regional retail centers sold for Walton Street Capital

Amy Sands

CHICAGO, IL, Jan. 4, 2021 – JLL Capital Markets announced today that it has closed the sale of Town Square, a 138,571-square-foot, regional shopping center in Schererville, Indiana, and Silver State Plaza Shopping Center, a 155,471-square-foot, regional retail center in Sparks, Nevada.

Clinton Mitchell

JLL marketed the properties on behalf of the seller, Walton Street Capital, in two separate transactions. Albanese Cormier was the buyer of both centers.

Town Square is positioned about 45 minutes from downtown Chicago, along Indianapolis Blvd. (Highway 41), which has a daily traffic count of more than 40,000 vehicles.

Gleb Lvovich

Completed in 2001, the retail center is anchored by Bed Bath & Beyond and TJ Maxx and features top-tier national and regional tenants, including Old Navy and Shoe Carnival, among others.

Silver State Plaza Shopping Center is located at 410-790 N McCarran Blvd. at the high-traffic intersection of McCarran Blvd. (29,300 cars per day) and Prater Way (17,700 cars per day).

Daniel Tyner

The 26.15-acre site also offers direct access to Interstate 80, expanding the center’s reach. The 96.7%-leased property is home to a diverse mix of daily needs and service-oriented tenants, including Ross Dress for Less, Dollar Tree, Planet Fitness, Wendy’s and CVS Pharmacy.

Tony Ensbury

The JLL Retail Capital Markets team representing the seller for Town Square was led by Managing Directors Clinton Mitchell and Amy Sands.

JLL’s Retail Capital Markets team representing the seller for Silver State was led by Managing Director Gleb Lvovich (NV. Lic. #S.0189602) and Directors Daniel Tyner and Tony Ensbury.

Town Square, a 138,571-square-foot, regional shopping center
in Schererville, IN

For more news, videos and research resources on JLL, please visit our newsroom.

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.