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704 Route 59

JEM Wellness Brands Signs Lease For 32,744-sf Retail Space In Naperville With Landlord Continental Realty Corporation
LEASEDRetail

JEM Wellness Brands Signs Lease For 32,744-sf Retail Space In Naperville With Landlord Continental Realty Corporation

704 Route 59

Building Size

32,744 SF

Asset Type

Retail

Closing

Apr 6, 2026

AI

The retail property located at 704 Route 59 in Naperville features a total square footage of 32,744. The asset is part of the Fox River Commons and is now occupied by JEM Wellness Brands, which has signed a lease agreement to establish its first location in the city, succeeding a former Bed Bath & Beyond space.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 704 Route 59
  • Market: Naperville
  • Asset Square Footage: 32,744
  • Landlord: JM Schapiro - Continental Realty Corporation
  • Tenant: JEM Wellness Brands
  • Landlord's Representative: Cherene Keenan - Continental Realty Corporation
  • Tenant's Representatives: Larry Kling, Holly Estler & James Schutter - Newmark

This transaction marks JEM Wellness Brands' second location within the greater Chicago market, with plans for the opening scheduled for the upcoming fall season. The lease was facilitated by the respective representatives from Continental Realty Corporation and Newmark, detailing the collaboration behind this retail expansion.

Players

Cherene Keenan

Continental Realty Corporation

Broker

3 deals

Broker
JM Schapiro

JM Schapiro

Continental Realty Corporation

Landlord

$396M

vol

12 deals

Landlord
JEM Wellness Brands
JEM Wellness BrandsTenant

Naperville Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93