Danada Square West

JLL Capital Markets has been retained as exclusive advisor for the sale of Danada Square West, a 314,819 SF, 92.31% leased grocery anchored shopping center in Wheaton, IL. The Asset is anchored by a high-performing Jewel-Osco, a market dominant grocer with a sub 2.0% occupancy cost. Jewel-Osco has been at the asset for over 35 years and ranks in the top 5% of grocery store visits both nationally and in the state of Illinois. Similarly, junior anchors TJ Maxx and HomeGoods (TJX: Moody’s A2) provide additional security in the income stream. Both TJ Maxx and HomeGoods recently extended for 10 and 7 years, respectively, proving commitment to the asset longterm. Together, Jewel-Osco, TJ Maxx, and HomeGoods account for over 30% of the Property’s gross income. Other prominent retailers include Burlington, The Paper Store, Ulta, and Five Below.

Located at the intersection of Butterfield Road (VPD: 26,800) and S Naperville Road (VPD: 17,100), Danada Square West is in a prime, institutionally owned retail corridor that draws over 8M visits nationally. Danada Square West benefits from synergistic consumer demand from Danada Square East, Rice Lake Square, and Town Square Wheaton which features national tenancy such as Whole Foods, Nordstrom Rack, Sierra Trading Post, Pete’s Fresh Market, PetSmart, OrangeTheory, Salon Lofts, and many more. Danada Square West’s location at a premier intersection with affluent surrounding demographics, market dominant anchor tenancy, and location within low-tax DuPage County has led to rapid leasing momentum over the past 12 months, with current ownership executing five (5) new leases across over 40,000 sf.