Todd Briddell Of CenterSquare Acquires Retail Properties At Geneva Commons For $39M

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.