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225 Rice Lake Square
SOLD

Core Acquisitions Purchases Rice Lake Square In Wheaton From Grosvenor Americas Inc

225 Rice Lake Square

Retail
251,000 SF
clock iconSold 32 days ago
Rick Drogosz
Stanley Nitzberg
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Summary

Sale
ILLINOIS
Retail
251,000 sqft

The Rice Lake Square shopping center in Wheaton was recently purchased by Core Acquisitions for $34 million. The property spans 251,000 square feet and is located at 225 Rice Lake Square.

Summary of transation details:

Core Acquisitions, a Chicago-based firm, plans to enhance the appeal of the shopping center through upgrades, tenant leasing focus, and property improvements. The 251,000-square-foot space includes a 68,000-square-foot Pete’s Fresh Market as its anchor tenant, making it a strategic investment in the Chicagoland area.

Players

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    3

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    2

  • Agencies

    1

Rick Drogosz's profile picture
Rick Drogosz
Mid-America Real Estate Group-image
Principal
$250.2M Sold
Stanley Nitzberg's profile picture

Details

Deal Summary
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SOLD
IMAGE: Adam Firsel, Stanley Nitzberg & Rick Drogosz DATE: 06/11/2024 ADDRESS: 225 Rice Lake Square MARKET: Wheaton ASSET TYPE: Retail BUYER: Adam Firsel (@AFirsel) - Core Acquisitions (@CoreAcq) SELLER: Grosvenor Americas Inc. BROKERS: Rick Drogosz & Stanley Nitzberg (@Brightonbeachboy) - Mid-America Real Estate Group (@MidAmerica_RE) SALE PRICE: $34,000,000 SF: 251,000 ~ PPSF: $135 NOTE: Core Acquisitions, based in Chicago, recently purchased the Rice Lake Square shopping center in Wheaton for $34 million and intends to implement upgrades to enhance its appeal. With a focus on tenant leasing and property improvements, the firm aims to optimize the 251,000-square-foot space, which features a 68,000-square-foot Pete’s Fresh Market as its anchor tenant, recognizing it as a strategic investment in the Chicagoland area.

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Address225 Rice Lake Square

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