Hutensky Capital Partners Acquires The Streets At Woodfield Retail Property For $69M

The Streets at Woodfield, a retail asset located at 601 North Martingale Road in Schaumburg, has a total square footage of 693,000. The property was sold for $69,000,000, which translates to a price per square foot of $100.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $69,000,000
• Buyer: Brad Hutensky - Hutensky Capital Partners
• Seller: Stephen A. Schwarzman - Blackstone; Alex Vouvalides - Perform Properties
• Square Footage: 693,000
• Price per Square Foot: $100

This transaction involved significant stakeholders, with Blackstone’s retail arm, Perform Properties, incurring a notable loss on the property sold to Hutensky Capital Partners. The sale reflects ongoing challenges within the suburban retail sector, influenced by anchor closures and market conditions in Chicago.