Broad Reach Acquires Woodland Heights in Chicago Suburbs

March 28, 2024

MILLERSVILLE, MARYLAND (March 28, 2024) – Broad Reach Retail Partners LLC, owner, operator, and developer of retail shopping centers, is thrilled to announce its most recent acquisition of Woodland Heights Shopping Center located in Streamwood, Illinois, a bustling village in Chicago’s northwestern suburbs.

Woodland Heights is a 120,436 SF neighborhood center anchored by a high-volume Jewel Osco, which has been a staple of the center since 1971 and has a record of strong annual sales. Strategically located in a densely populated area with a population of approximately 104k within a 3-mile radius, the center sits in a highly visible location that drives daytime and evening visitors to the center. In addition to the overall population, the center is in the heart of over 600 businesses, including the corporate offices for both Target and Walmart. The center’s prime location has driven success for tenants, which you can see through the historical tenancies of Jewel Osco, USPS, Subway, and H&R Block, which have been part of the center for over 25 years.

We are thrilled to add Woodland Heights Shopping Center to our portfolio. Coupled with strong sales and occupancy history, this center presents a great value-add opportunity on which we are excited to execute. Acquisitions continue to be difficult in 2024 and our team did a great job working together and getting this deal across the finish line.”  – Jim Whelan, Jr., Vice President of Acquisitions.

At 86% occupied, Woodland Heights has approximately 16,320 sf of leasable spaces available. The goal with any property added to Broad Reach Retail Partner’s portfolio is to continue to add value to this property and the community it serves. Our team will look at doing that through a strategic analysis of the retail voids in the area. For more leasing information, please contact Johnathan Ortner, Leasing Representative, at

This purchase is the seventh acquisition under the Broad Reach Retail’s Shopping Center Fund III, the company’s latest investment vehicle that closed in March of 2021. Broad Reach is preparing to launch a new fund in 2024 and our team is actively seeking new investors. If interested in learning more, please visit the Invest with Us page.

About Broad Reach Retail Partners

In 2006, Broad Reach Retail Partners, LLC was founded on the principle that every community needs a marketplace that provides essential goods and services. As a fully integrated real estate company, Broad Reach concentrates its efforts on buying and/or developing, managing and the leasing of value-add shopping centers. Through a disciplined buying and focused leasing and management approach, BRRP creates value for its Properties, Partners, and People. Overall, the company has owned, leased or managed 65 centers, representing 5.9 million square feet. For more information, visit


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