We are pleased to announce the acquisition of Lemont Village Square, a 59,939 square foot Aldi-anchored shopping center located at East 127th Street and State Street in Lemont, IL. The property was acquired in a brokered transaction and adds another well-located asset to the firm’s growing portfolio of premier real estate assets throughout the United States.
The center is 96% occupied and features a 17,875 square foot Aldi grocery store. Aldi is complimented by an impressive lineup of tenants including Starbucks, The Learning Experience, Jimmy Johns, AT&T, and Verizon Wireless. The property is situated at a prime location, with over 100,000 people with incomes of over $108,000 within a 5-mile radius.
Matt Annibale, Director of Acquisitions at First National Realty Partners, commented the following about the transaction, “We are very pleased to add Lemont Village Square to our portfolio. Grocery-anchored properties such as this have performed extremely well throughout the pandemic and remain a top priority for our growing portfolio. I believe that this deal is a prime example of our team’s ability to perform and execute as a buyer even through challenging times.”