Bill Huffman Of Nuveen Acquires Retail Property In Park Ridge For $26 Million
190 North Northwest Highway
$26,000,000
$370/SF
Building Size
70,144 SF
Asset Type
Retail
Closing
Jun 30, 2026
About this deal
AI
The retail property located at 190 North Northwest Highway in Park Ridge, Illinois, has been sold for $26 million. This asset has a total square footage of 70,144 and a price per square foot of $371. The property is known as the Shops of Uptown shopping center and is anchored by Trader Joe's.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,000,000
- Address: 190 North Northwest Highway
- Market: Park Ridge, IL
- Square Footage: 70,144
- Price Per Square Foot: $371
- Buyer: Bill Huffman - Nuveen
Bill Huffman represented Nuveen in this acquisition, which involved the purchase of the entire shopping center property. The transaction highlights Nuveen's investment strategy in retail assets.
On the Map
$26,000,000
$370/SF
Retail
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Players
Market 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93