DPI Retail Acquires Willow Creek Center In Glenview Illinois From Sperry Equities For $34M
2145 Willow Road
$34,000,000
$187/SF
Building Size
181,024 SF
Asset Type
Retail
Closing
Sep 3, 2026
About this deal
AI
The transaction involved the sale of a retail asset known as Willow Creek Center, located at 2145 Willow Road in Glenview, IL. The sale price was $34,000,000 for a property encompassing 181,024 square feet, resulting in a price per square foot of $188.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $34,000,000
- Address: 2145 Willow Road
- Market: Glenview, IL
- Square Footage: 181,024
- Price per Square Foot: $188
- Buyer: Fred Vitt - DPI Retail
- Seller: Rand Sperry & Burton Young - Sperry Equities
- Brokerage: Rick Drogosz, Ben Wineman & Patrick Corrigan - Mid-America Real Estate Group
Mid-America Real Estate facilitated the sale, which included tenants such as Aldi, Kohl’s, Planet Fitness, and Michaels, and marks DPI Retail's entry into the Chicago market. The brokerage team of Rick Drogosz, Ben Wineman, and Patrick Corrigan represented the sellers in this transaction.
Players
Glenview Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93