Windfall Group & Pacifica Square USA Acquire Former Sam's Club In Rolling Meadows Retail Sale

The former Sam's Club property located at 1460 Golf Road in Rolling Meadows has been sold in a transaction that closed on December 20, 2022. The retail asset was purchased by Windfall Group and Pacifica Square USA, represented by Eddie Ni and Marshall Nguyen. The seller of the property was Timbercreek Capital. The deal was facilitated by Marshall Nguyen of Caspian Group, representing Windfall Group and Pacifica Square USA, and Ashish Vakhariya of Marcus & Millicap, representing Timbercreek Capital. The sale price for the property was $4,500,000, with a total square footage of 130,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,500,000
• Address: 1460 Golf Road, Rolling Meadows
• Market: Rolling Meadows
• Buyer: Windfall Group & Pacifica Square USA - Eddie Ni & Marshall Nguyen
• Seller: Timbercreek Capital
• Buyer's Rep: Marshall Nguyen - Caspian Group
• Seller's Rep: Ashish Vakhariya - Marcus & Millicap
• Asking Price: $5,500,000
• Square Footage: 130,000
• Price Per Square Foot: $35

The redevelopment of the site is set to transform the former Sam's Club property into a vibrant, multicultural, lifestyle center, as envisioned by Windfall Group and Pacifica Square USA. The project aims to create a community hub that offers shopping, dining, entertainment, leisure, business, and service options. The design of the shopping plaza will incorporate Asian influences, providing a unique experience for visitors. The buyers anticipate that this redevelopment project will have a significant positive impact on the local economy, creating employment opportunities and enhancing the overall appeal of the area.

The renderings for the redevelopment project have been created by Cristal Z Hayes, the Chief Architect of Windfall Group and the owner of ZSW Architects.

About the companies involved:

The Windfall Group and Pacifica Square USA are strategic partners specializing in acquiring and redeveloping commercial assets, with a focus on adaptive reuse. They aim to create multicultural lifestyle centers that cater to the needs of local communities, particularly in areas with medium-high Asian populations. Their portfolio includes regional malls, big box stores, lifestyle centers, and mixed-use properties.

To learn more about the property or contact the parties involved, reach out to Judy Ni, the Real Estate Director at Windfall Group, at [email protected]. General partner and broker Marshall Nguyen can be contacted at [email protected] or 612-327-1059.