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2300 Illinois Highway 59
SOLD

Essential Growth Properties Acquires Caton Crossing Retail In Plainfield For $15.4M

2300 Illinois Highway 59

Retail
83,792 SF
clock iconSold 61 days ago
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Summary

Sale
ILLINOIS
Retail
83,792 sqft

The sale of Caton Crossing, a grocery-anchored shopping center in Plainfield, IL, has been finalized for $15.4 million. The property spans 83,792 square feet and is located at 2300-2322 Illinois Highway 59 in Plainfield. The asset is 100% leased and features a Tony’s Fresh Market grocery store.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $15,400,000
  • Buyer: Essential Growth Properties
  • Seller: Jordan Fried - Sterling Organization
  • Broker: Evan Halkias - Cushman & Wakefield
  • Market: Plainfield

Jordan Fried, the Principal of Sterling Organization, has expressed satisfaction with the income growth achieved during ownership of Caton Crossing. The strong investor interest in quality grocery-anchored centers was highlighted, catering to a demographic of over 75,000 residents with high average household income.

Players

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  • Agents

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  • Agencies

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Evan Halkias's profile picture
Evan Halkias
Cushman & Wakefield-image
Managing Director
$132.2M Sold

Details

Deal Summary
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SOLD
IMAGE: Jordan Fried & Evan Halkias DATE: 05/13/2024 ADDRESS: 2300-2322 Illinois Highway 59 MARKET: Plainfield ASSET TYPE: Retail BUYER: Essential Growth Properties SELLER: Jordan Fried - Sterling Organization BROKER: Evan Halkias - Cushman & Wakefield (@CushWake) SALE PRICE: $15,400,000 SF: 83,792 ~ PPSF: $184 NOTE: Sterling Organization has announced the sale of Caton Crossing, a grocery-anchored shopping center in Plainfield, IL, for $15.4 million. The property, acquired by Sterling Organization's Investment Fund in March 2020 for $12.0 million, is 100% leased and anchored by a Tony’s Fresh Market grocery store, catering to a demographic of over 75,000 residents with high average household income. Jordan Fried, Principal of Sterling Organization, highlighted the strong investor interest in quality grocery-anchored centers and expressed satisfaction with the income growth achieved during ownership.

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Address2300 Illinois Highway 59

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