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.