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602 Commons Drive

Updated Jun 4, 2026

Lamar Companies And Real Capital Solutions Sign Leases With Lululemon And Others In Geneva For 45,951 SF
LEASEDRetail

Lamar Companies And Real Capital Solutions Sign Leases With Lululemon And Others In Geneva For 45,951 SF

602 Commons Drive

Building Size

45,951 SF

Asset Type

Retail

Closing

Jun 3, 2026

About this deal

AI

The property asset involved in this transaction is a retail space located at 602 Commons Drive in Geneva, IL, comprising a total of 45,951 square feet. The asset contributes to the Geneva Commons, a lifestyle retail center that spans 440,370 square feet. The landlord entities are Mark Kalkus of Lamar Companies and Marcel Arsenault of Real Capital Solutions (RCS).

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Landlord: Mark Kalkus - Lamar Companies
  • Landlord: Marcel Arsenault - Real Capital Solutions (RCS)
  • Tenant: lululemon, Warby Parker, Big Blue Swim School, Club Champion, Vera Bradley, Miniso, Pottery Barn & Williams Sonoma
  • Broker: Mid-America Real Estate Group

This transaction highlights the collaborative effort to increase occupancy rates at Geneva Commons, which have gone from 88% to 95%. The landlords have successfully signed nearly 46,000 square feet of new retail and restaurant leases and over 20 lease renewals since acquiring the property from LaSalle Investment Management in 2024. Furthermore, they have invested over $2.4 million in upgrades, which have aided in attracting these national tenants.

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Players

Mid-America Real Estate Group
Mid-America Real Estate GroupBrokerage

Marcel Arsenault

Real Capital Solutions (RCS)

Landlord

$441.6M

vol

11 deals

Landlord
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Market 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

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