Sridhar Marupudi Of Octave Holdings Acquires Randall Square Shopping Center For $29 Million In Geneva

The property involved in this transaction is a retail asset located at 1460 South Randall Road in Geneva, Illinois. The shopping center, known as Randall Square, has a total size of 171,860 square feet. The sale price for the asset was $29,000,000, which equates to a price per square foot of $169.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $29,000,000
• Buyer: Sridhar Marupudi - Octave Holdings
• Seller: Bret A. Caller & Steve Miller - Viking Partners
• Brokers: Joe Girardi & Emily Gadomski - Mid-America Real Estate Group
• Market: Geneva
• Asset Size (SF): 171,860
• Price Per Square Foot (PPSF): $169

The transaction was brokered by Mid-America Real Estate, where Joe Girardi and Emily Gadomski represented the sellers. The tenant roster for the shopping center includes notable brands such as Nordstrom Rack, Marshalls, Ulta Beauty, PetSmart, and Old Navy.