Depa Holding Company And Caruso Development Corporation Acquire Barrington Square Town Center For $9M

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.