Strong, northern Chicago sub-market, anchored by Jewel Osco with 17% vacancy.
MILLERSVILLE, MARYLAND — Broad Reach Retail Partners, an owner and operator of shopping centers, today announced its acquisition of Liberty Square, a grocery-anchored shopping center
in Wauconda, Illinois.
Location. Liberty Square is located in the strong, northern Chicago sub-market of Wauconda, IL.
Size. The center consists of a little over 107,000 square feet of leasable property, spread across 10 acres.
Occupancy. Jewel-Osco anchored center which is 83% occupied, with 18,540 square feet for rent, in sizes ranging from 988 to 7,638 square feet.
Tenants. Tenants include Jewel-Osco, T-Mobile, Great Clips, GNC, Subway, and KFC plus a variety of local companies.
Demographics. Within a five-mile radius are 70,000 consumers who, on average, have a household income of $130,000.
“Liberty Square is a perfect combination of stable, high-performing tenants with the potential for explosive growth,” said Nate Tower, the founder, and chief executive of Broad Reach.
“As we’ve done with dozens of other properties, we’re confident we can develop the center’s unused and underused space, and return a significant profit for both our investors and the Wauconda community.”
ABOUT BROAD REACH
Broad Reach Retail Partners is a privately held, fully integrated owner and operator of shopping centers. The company maximizes the full potential of underutilized shopping centers through focused leasing, disciplined redevelopment, and meticulous management. For more information, visit http://BroadReachRetail.com.