Depa Holding Company And Caruso Development Corporation Acquire Barrington Square Town Center For $9M
Illinois
See Similar DealsDepa Holding Company And Caruso Development Corporation Acquire Barrington Square Town Center For $9M
2300 West Higgins Road
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The retail asset at 2300-2356 West Higgins Road in Hoffman Estates has been sold for $9,000,000. The property consists of nearly 102,000 square feet, translating to a price per square foot of $88. It has been nearly fully leased to service and hospitality tenants, and it marks the Barrington Square Town Center's first ownership change since 1979.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Square Footage: 101,769
- Price Per Square Foot: $88
- Buyer: Depa Holding Company & Caruso Development Corporation
- Buyer's Representative: Harris Ali - Sky High Real Estate
- Seller's Representatives: Wayne Caplan & Al Lindeman - SVN Chicago Commercial
- Date of Transaction: 02/26/2026
- Market: Hoffman Estates
This transaction involved Dutch-based Depa Holding Company and U.S. partner Caruso Development Corporation, along with a local investor group led by Sky High Real Estate. The property is situated adjacent to the planned 333-unit Grand Reserve of Hoffman Estates development, which contributed to heightened buyer interest and facilitated multiple offers during the marketing process.
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