Shoppes at Romeoville

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Romeoville, IL

 

     

Shoppes at Romeoville  is a +82,660-square-foot open-air retail center in Romeoville, IL. 

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The center is anchored by TJMaxx, Petco, Ross, Five Below, and Discovery Clothing. At the time of acquisition, the asset was 65% occupied - representing a great value-add opportunity in a market with average occupancy over 90%.

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Romeoville is located in the affluent suburban Chicagoland suburb of Romeoville, IL. Signalized access with multiple access points and 34,000 Vehicles per day. Other national retailers located on the intersection are Kohls, Aldi, Walmart, Blain's Farm and Fleet, and others. Demographics in the area are strong with 147,000 people living in a 5 mile radius earning average incomes of over $112,000+. 

 

PMAT was able to acquire this center at below replacement cost. Within a few months of ownership, PMAT renewed TJ Maxx lease and  executed leases with Ross and Five Below, bringing this asset to 100% occupancy.