Viking Partners Acquires Randall Square Shopping Mall In Geneva, Illinois For $31.1M

Viking Partners, represented by Bret A. Caller, has recently acquired the Randall Square shopping mall in Geneva, Illinois. The retail property spans 226,029 square feet and was purchased for $31.1 million from DRA Advisors, with the assistance of brokers Ben Wineman, Joe Girardi, and Rick Drogosz of Mid-America Real Estate Corp. The transaction was financed through a $65 million line of credit provided by Huntington National Bank, of which $21.8 million was allocated towards the purchase.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $31,100,000
• Address: 1560 South Randall Road, Geneva, Illinois
• Market: Geneva
• Buyer: Viking Partners - Bret A. Caller
• Seller: DRA Advisors - David Luski
• Brokers: Ben Wineman, Joe Girardi & Rick Drogosz - Mid-America Real Estate Corp
• Lender: Huntington National Bank
• Square Footage: 226,029
• Price per Square Foot: $138

Viking Partners, led by Bret A. Caller, made use of their funding from Huntington National Bank to successfully carry out the acquisition. With this purchase, Viking Partners expands its portfolio and becomes the new owner of Randall Square shopping mall in Geneva. The brokers, Ben Wineman, Joe Girardi, and Rick Drogosz, played a crucial role in facilitating the transaction, ensuring a smooth deal between the buyer and seller.