{"id":1004688674,"date":"2023-11-02T08:24:39","date_gmt":"2023-11-02T16:24:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004688674"},"modified":"2023-11-02T08:24:41","modified_gmt":"2023-11-02T16:24:41","slug":"viking-partners-buys-chicagoland-retail-asset-for-31m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/viking-partners-buys-chicagoland-retail-asset-for-31m\/","title":{"rendered":"Viking Partners Buys Chicagoland Retail Asset for $31M"},"content":{"rendered":"
\"Frontage<\/a>

Randall Square previously traded in 1999. Image courtesy of Mid-America Real Estate Corp.<\/em><\/p><\/div>\n

Viking Partners <\/strong>has purchased the 226,029-square-foot Randall Square shopping mall in Geneva, Ill., for $31.1 million, according to Kane County records. The Huntington National Bank<\/strong> helped finance the acquisition with a line of credit totaling $65 million, of which $21.8 million were used for the purchase.<\/p>\n

Mid-America Real Estate Corp<\/strong>.\u2019s Investment Sales Group brokered the transaction on behalf of the seller, DRA Advisors<\/strong>. The firm had acquired the asset in 1999 for $24.2 million, according to CommercialEdge data.<\/p>\n

Marshalls, Michaels, Ulta Beauty, Old Navy, PetSmart and Ross Dress for Less are some of the retail center’s anchor tenants. The roster features a mix of national and local retailers including Men\u2019s Wearhouse and Rally House, among others.<\/p>\n

Located at 1560 S. Randall Road, the property is half a mile west of the Eagle Brook Country Club and 1 mile east of Peck Farm Park, in a dense retail corridor totaling more than 2 million square feet of space. More than 113,000 people live within a 5-mile radius.<\/p>\n

Principals Joe Girardi, Rick Drogosz and Ben Wineman of Mid-America Real Estate Corp. were the brokers which represented DRA Advisors in the transaction. The firm recently sold another retail property, a\u00a0119,446-square-foot grocery-anchored shopping center in Wilmington, Del.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The property previously traded more than 20 years ago.<\/p>\n","protected":false},"author":3142,"featured_media":1004688675,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21783,13,21742,21749],"tags":[33919,32861,36646,40262],"class_list":["post-1004688674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-investment","category-midwest","category-latest","category-retail","tag-dra-advisors-llc","tag-huntington-bank","tag-mid-america-real-estate-corporation","tag-viking-partners"],"acf":[],"yoast_head":"\nViking Partners Buys Chicagoland Retail Asset for $31M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Viking Partners has purchased the 226,029-square-foot Randall Square shopping mall in Geneva, Ill., for $31.1 million from DRA Advisors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/viking-partners-buys-chicagoland-retail-asset-for-31m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Viking Partners Buys Chicagoland Retail Asset for $31M\" \/>\n<meta property=\"og:description\" content=\"Viking Partners has purchased the 226,029-square-foot Randall Square shopping mall in Geneva, Ill., for $31.1 million from DRA Advisors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/viking-partners-buys-chicagoland-retail-asset-for-31m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-02T16:24:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-02T16:24:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Randall-Square_Thumbnail-e1698938572196.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"713\" \/>\n\t<meta property=\"og:image:height\" content=\"534\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anda Rosu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/viking-partners-buys-chicagoland-retail-asset-for-31m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/viking-partners-buys-chicagoland-retail-asset-for-31m\/\",\"name\":\"Viking Partners Buys Chicagoland Retail Asset for $31M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/viking-partners-buys-chicagoland-retail-asset-for-31m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/viking-partners-buys-chicagoland-retail-asset-for-31m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Randall-Square_Thumbnail-e1698938572196.jpg\",\"datePublished\":\"2023-11-02T16:24:39+00:00\",\"dateModified\":\"2023-11-02T16:24:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9ddda76c3d540297067f1385ee79340d\"},\"description\":\"Viking Partners has purchased the 226,029-square-foot Randall Square shopping mall in Geneva, Ill., for $31.1 million from DRA Advisors.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/viking-partners-buys-chicagoland-retail-asset-for-31m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/viking-partners-buys-chicagoland-retail-asset-for-31m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/viking-partners-buys-chicagoland-retail-asset-for-31m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Randall-Square_Thumbnail-e1698938572196.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Randall-Square_Thumbnail-e1698938572196.jpg\",\"width\":713,\"height\":534,\"caption\":\"Randall Square. 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