Stony Creek Promenade - Chicago, IL
4830 W. 111th Street, Oak Lawn, IL, 60453, US
15,422 平方米
Church Street Plaza is a blue-chip retail asset primely located in the heart of downtown Evanston. Since acquiring the Property in 2021, current ownership has worked to complete an impressive repositioning plan leading to 7 new leases covering nearly 93k SF (64% of total GLA). These leasing efforts have been well split between national brands (4 tenants / 82k SF) and local shops (3 tenants / 11k SF), with each of the 7 tenants signing for 10-year terms. The second floor of the Property was formerly home to an 18-screen movie theater across 69k SF. This location was one of the strongest performers in Illinois before being forced to close during the COVID-19 pandemic. This space has recently been renovated and re-leased to fit 12-screens across 45k SF for AMC and an additional 30k SF space has been built to suit for new tenant, Sky Zone trampoline park. The Sky Zone space was leased corporately backed by CircusTrix, the world's largest developer, operator, and franchisor of indoor active entertainment parks. With the massive success of Sky Zone's locations since CircusTrix acquired the brand in 2018, CircusTrix underwent a rebrand in 2023 and is now called Sky Zone, Inc. Sky Zone, Inc. is the umbrella organization for three distinct indoor active entertainment brands: Sky Zone, Defy, and Rockin' Jump.
TREMENDOUS RECENT LEASING MOMENTUM
RARE OPPORTUNITY TO ACQUIRE A PRIME RETAIL ASSET IN A SUBMARKET WITH HIGH BARRIERS TO ENTRY
IRREPLACEABLE LOCATION IN ONE OF CHICAGO’S BUSIEST SUBURBS
UNMATCHED PARKING AVAILIBITY FOR DOWNTOWN RETAIL
IDEAL ACCESS TO ALL VARIETIES OF PUBLIC TRANSPORTATION
SECURE CASH FLOWS FROM BOTH NEW AND LONGSTANDING TENANTS