​CHICAGO – Transwestern’s Chicago office today announces it brokered the sale of The Shops at Flint Creek. Located at 500 N. Hough St. in Barrington, Illinois, the 59,325-square-foot center was developed in 2006 by Hamilton Partners. Next Realty LLC purchased the Heinen’s grocery store-anchored center for an undisclosed amount. Transwestern Capital Markets Directors Janice Sellis and Paul Barile represented the seller, Hamilton Partners, in the transaction.

“Hamilton was the original developer of the property and was able to take advantage of the current capital markets environment to exit the property at attractive pricing,” said Sellis. “The sale of The Shops at Flint Creek was a successful off-market transaction between two local Chicago real estate companies.”

In addition to Heinen’s, tenants include Meatheads, Alexian Brothers Health System, Coldwell Banker, Athletico and Scottrade.

“The Shops at Flint Creek is a stable asset within an affluent community of Barrington,” said Eteri Zaslavsky of Next Realty. “The anchor tenant, Heinen’s, is establishing its position within the Chicago grocery market.”

Next Realty was represented internally in the transaction.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 38 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com and follow us on Twitter: @Transwestern. For more information, please visit transwestern.com and follow us on Twitter: @Transwestern and @TWChicagoISG.

 

Media Contact:
Elissa Shortridge
312.881.7046
elissa.shortridge@transwestern.com