1031 Exchange EligibleGrocery-Anchored
- Oswego, IL
- Grocery-Anchored Shopping Center
Townes Crossing is a 105,731-square-foot neighborhood center that is 95% leased and offers investors the potential for stable cash flows with potential upside. The center, located in Kendall County, is anchored by a 65,000-square-foot Jewel-Osco grocery store. Jewel-Osco, a subsidiary of Albertsons, is the # 1 grocer by market share in the Chicago MSA per Axios Chicago with this location ranked in the top 25% among over 175 stores in the state based on foot traffic data from Retail Stat. Joining Jewel-Osco at the center is an assortment of daily-needs tenants, with current inline tenants having a weighted average tenure at the shopping center exceeding 17 years.