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

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.