Bob Johnson Of The R.H. Johnson Company Acquires White Oaks Plaza From Christopher Conlon For $49.9M

The retail asset sold is located at 2501, 2601-2939 South Veterans Parkway & 2917-2951 West Iles Ave, Springfield. It has a sale price of $49,900,000 and encompasses a total of 320,933 square feet, translating to a price per square foot of $155. The property is situated in a dense retail corridor, catering to nearly 51,000 residents with an average household income exceeding $119,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $49,900,000
• Address: 2501, 2601-2939 South Veterans Parkway & 2917-2951 West Iles Ave
• Market: Springfield
• Square Footage: 320,933
• Price Per Square Foot: $155
• Buyer: Bob Johnson - The R.H. Johnson Company
• Seller: Christopher Conlon - Washington Prime Group
• Brokers: Evan Halkias, Mark Gilbert, Zander Fried & David Matheis - Cushman & Wakefield

This transaction marks the largest open-air retail deal in the Springfield area, with Washington Prime Group facilitating the sale to The R.H. Johnson Company. The retail center is anchored by notable tenants such as Kohl’s, Sephora, and TJMaxx, illustrating its appeal in a competitive market.