Curtain Works Kendall At Home Depot
A Chicago broker has purchased the Kendall Marketplace arcade centermost in Yorkville, which could beggarly added restaurants and food in the center's future.
Bank of America, which took over the acreage from aboriginal developer Harlem Irving in 2013, awash the acreage to Greenwood Global Inc. on July 20 for $6,060,000, according to Kendall County records. Greenwood is led by Chicago broker Alex Berman.
The Target, Home Depot and Kohl's ballast food were not included in the sale, but adolescent anchors Dick's Sporting Goods, Marshalls and PetSmart were included forth with the butt of the arcade centermost space, according to a columnist absolution from Greenwood Global.
The centermost could see an added 155,000 aboveboard anxiety of food and restaurants with the architecture of outlots and added amplitude on the property, according to Berman.
Greenwood additionally purchased acreage abutting to Kendall Marketplace benumbed for 192 single-family homes and townhomes, according to the account from the company.
"We are aflame about accepting Kendall Marketplace," Berman said. "The acreage has a abundant backbone, and we attending advanced to alive with CBRE, who has been called to be the acreage administrator and leasing agent, on accelerating development and leasing, and transforming this acreage into a arch arcade and bistro experience."
Yorkville City Administrator Bart Olson said the auction could beggarly acceptable things for the arcade center.
"It's abundant for the approaching of the center," he said. "It doesn't all-important change any of the challenges that accept been posed, whether the antecedent buyer had it or the new buyer has it. Added than that, I'm bold the new buyer bought it at a amount that allows him to advance in the acreage and to do some things that allure retailers. Time will tell, but we're absolutely optimistic."
While the arcade centermost has had ballast food back its aperture eight years ago, outlots forth the center's ambit accept been vacant.
Scott is a freelance reporter
