Rhino Investments Group And M&J Wilkow Acquire Randhurst Village Retail Center For $95 Million

The retail asset involved in this transaction is the Randhurst Village retail center located at 1 Randhurst Village Drive, Mount Prospect, IL, spanning 929,899 square feet. The property was acquired for a total transaction amount of $95 million, supported by a combined loan amount of $72.3 million.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $95,000,000
• Loan Amount: $72,300,000
• Loan Type: Senior
• Asset Size: 929,899 SF
• Address: 1 Randhurst Village Drive
• Market: Mount Prospect, IL
• Lender: Jonathan Roth - 3650 Capital; Kevin Holmes - Athos Capital Partners
• Landlord: Sanjiv Chopra - Rhino Investments Group; Marc Wilkow - M&J Wilkow
• Broker: Alpha Capital CRE

Aquarian Real Estate Partners and 3650 Capital were crucial in providing debt financing for this acquisition, with Aquarian supplying a $45.6 million senior mortgage and 3650 Capital contributing a $26.7 million mezzanine loan. This financing was aimed at supporting the venture's planned value-add work, which includes leasing vacancies and the sale of certain outparcels.