Adam Firsel Of Core Acquisitions Purchases Deerbrook Shopping Center From Stefan Hoops Of DWS Group For $44M

The transaction involved a retail asset located at 16 South Waukegan Road in Deerfield, Illinois. The property is a grocery-anchored retail space known as Deerbrook Shopping Center, encompassing 428,000 square feet. The sale price for the property was $44 million, translating to a price per square foot of $103. The center is anchored by Jewel-Osco and features a variety of tenants including Marshalls, Floor & Décor, Panera Bread, Starbucks, and Sky Zone, with long-term leases in place extending to 2035.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $44,000,000
• Buyer: Adam Firsel - Core Acquisitions
• Seller: Stefan Hoops - DWS Group
• Lender: Taylor Pike - Peachtree Group
• Square Footage: 428,000
• Price Per Square Foot: $103

Core Acquisitions secured a $35 million acquisition loan from Peachtree Group to facilitate the purchase of the Deerbrook Shopping Center from DWS Group. This transaction reflects a strategic acquisition in a retail market featuring prominent national retailers, providing value-add opportunities on its southern portion.