Regency Centers Acquires Retail Property In Naperville For $52.4M

The retail property located at 8-152 W. Gartner Rd in Naperville has been sold for a total of $52,400,000. The transaction was completed on April 21, 2022. The property spans across 115,000 square feet, resulting in a price per square foot of $456. The asset was acquired by Regency Centers, represented by Lisa Palmer, while the seller was Northpond Partners. The brokerage services were provided by CBRE.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $52,400,000
• Address: 8-152 W. Gartner Rd, Naperville
• Market: Naperville
• Buyer: Regency Centers - Lisa Palmer
• Seller: Northpond Partners
• Broker: CBRE
• Square Footage: 115,000
• Price per Square Foot: $456

The acquisition of the retail property at 8-152 W. Gartner Rd in Naperville was facilitated by Lisa Palmer representing Regency Centers. The seller, Northpond Partners, entrusted CBRE with the brokerage services for this transaction. This deal showcases the involvement of key individuals and companies driving the success of the sale.