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| 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.
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| 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.
 |
| Silver State Plaza Shopping Center, a 155,471-square-foot, regional retail center in Sparks, NV |
Affiliates of Walton Street Capital have invested and/or committed to invest over $12 billion of equity in more than 500 separate transactions.
CONTACT:
Kristen Murphy
Senior
Manager
Public
Relations
Investor Services
JLL
One
Post Office Square
Suite 3500
Boston,
MA 02109
T
+1 617 848 1572
M
+1 617 543 4873
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