CHICAGO—Prudential Real Estate Investors has just acquired the Roosevelt Collection, a class A mixed-use property in the South Loop, on behalf of institutional investors. The company is the real estate investment management and advisory business of Prudential Financial, Inc. Terms of the transaction were not disclosed.
Located at 150 Roosevelt Road, the LEED certified mixed-use property includes two eight-story buildings with 326,098 square feet of retail space, 342 loft-style apartment units, and a three-level parking garage. The property also includes a land lot that is part of a planned 400 unit, 43-story high-rise multifamily project.
“We are pleased to have capitalized on this unique opportunity to purchase a high-quality mixed-use asset in one of the most attractive retail corridors in downtown Chicago,” says Kevin R. Smith, head of Americas for PREI. “The Roosevelt Collection is poised to benefit from the continuing growth of the South Loop and deliver stable, diversified cash flows to our investors.”
The collection is within the pedestrian-friendly Roosevelt Rd. retail corridor and also near to several transportation hubs and top retail centers, as well as the The British School of Chicago's second campus in the city. Kerasotes ShowPlace ICON Movie Theatre anchors the center's retail component which also features retailers such as the Container Store, Lululemon, Banana Republic and Victoria's Secret.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
