Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOMBARD, IL-The 204,508-sf Northgate Plaza shopping center at 1000 N. Rohlwing Rd. is for sale at $10 million, and an 8% capitalization rate. Niels Brown and Robert Huber of Marcus & Millichap Real Estate Investment Brokerage Co.’s national retail group is representing the seller, a Skokie, IL residential developer.

A Menards store anchors Northgate Plaza, which includes a tenant roster with Red Wing Shoes, Ultimate Spa, Los Sombreros, Allstate, Harlem Furniture and Lavassa Coffee Shop. The center at I-355 and North Avenue was built in 1991 and was sold by Prime Retail, Inc. in May 2001 for $7.1 million.

In an unrelated deal in Western Springs, Tuesday Morning has leased 13,268 sf at Garden Market Shopping Center at 47th Street and Willow Springs Road. Patrick Owens of Staubach Co.’s retail services group office represented Tuesday Morning while Marget Arthur of Mid-America Real Estate represented the shopping center owner.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.