STAMFORD, Conn., Oct. 21, 2022 /PRNewswire/ — AmCap, Included, a vertically built-in non-public equity serious estate agency, is delighted to announce the acquisition of Liberty Sq., a 107,431 square-foot, substantial volume grocery-anchored, procuring center in the Chicago, IL suburb of Wauconda, IL. The addition of Liberty Square brings AmCap’s Chicago spot presence to 5 grocery-anchored facilities, “We are delighted to be introducing this perfectly situated, necessity-centered Jewel-Osco grocery anchored center to our Chicago portfolio,” claims Jake Bisenius, President and CIO of AmCap.
Liberty Square is situated at the northeast corner of Rand Street (US-12) & Liberty Avenue (IL-176) Wauconda, Lake County, Illinois approximately 37 miles northwest of downtown Chicago. The 54,522 sq. foot Jewel-Osco anchors the centre, which is also home to several complimentary firms and dining establishments, which include the U.S. Postal Services, Constitution Conditioning, KFC, Subway, Pet Provides Furthermore and PNC Financial institution.
AmCap’s Chicago space portfolio also consists of Amazon New anchored Norridge Commons in Norridge, Aldi anchored Mallard Crossing in Elk Grove Village, Jewel-Osco anchored NorthPoint Centre in Arlington Heights and Jewel-Osco anchored Hoffman Plaza in Hoffman Estates. Jake Bisenius mentioned, “Liberty Sq. proceeds AmCap’s mission of obtaining effectively-situated qualities with tenants that are essential firms that serve daily requires, are net resistant and are founded customers of their respective communities. The AmCap staff is enthusiastic to be a component of the Wauconda community and we glance ahead to doing the job with Jewel-Osco and other neighborhood stakeholders to guarantee the continued success at this locale.”
Liberty Sq. is the second acquisition obtained through a joint enterprise with Encore Enterprises. Mr. Bisenius ongoing, “Stable financial and demographic developments in the Chicago submarkets are supporting retail revenue expansion, we look ahead to driving enhancements within the portfolio to realize the complete possible of the qualities for the gain of the tenants and residents, and to deliver stable cash flows for our companions.
For leasing opportunity inquires at Liberty Square and/or in the course of AmCap’s portfolio, please access out to our leasing workforce at [email protected].
About AmCap
Started in 1979, AmCap is a vertically integrated private fairness true estate business that invests in grocery-anchored and necessity retail attributes nationwide, handling more than $1 billion of assets on behalf of major institutional traders. AmCap’s 40+ 12 months historical past provides it exclusive perception into the motorists of price creation in all facets of the necessity retail residence field. For much more information and facts, you should check out www.amcap.com.
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