Todd Briddell Of CenterSquare Acquires Retail Properties At Geneva Commons For $39M
602 Commons Drive
$39,000,000
$445/SF
Building Size
87,649 SF
Asset Type
Retail
Closing
Jul 29, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 602 Commons Drive in Geneva, Illinois. The sale was completed for a total price of $39,000,000, representing a price per square foot of $445. The asset encompasses a total area of 87,649 square feet and is situated within a larger retail center that spans 418,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $39,000,000
- Square Footage: 87,649
- Address: 602 Commons Drive
- Market: Geneva, IL
- Price Per Square Foot: $445
- Buyer: Todd Briddell
- Company: CenterSquare
CenterSquare's acquisition includes six buildings that are currently 97% leased. Recently, nearly 46,000 square feet of new leases have been added, with notable tenants such as Lululemon, Warby Parker, and Miniso joining the retail center.
On the Map
$39,000,000
$445/SF
Retail
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Comins 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93