M&J Wilkow announced today that the company, along with Northbrook- based Bixby Bridge Capital, acquired The Promenade Bolingbrook, a 779,000-square- foot open air lifestyle shopping center located in Bolingbrook, Illinois.
The Promenade Bolingbrook is anchored by Macy’s and Bass Pro Shops and has an impressive tenant roster that also includes Binny’s Beverage Depot, Ulta and DSW. The property is strategically positioned near the I-55/I-355 interchange, connecting the north, south, east and west communities of suburban Chicago.
“We are pleased to add a retail asset of this caliber to our portfolio and expand our relationship with Bixby Bridge Capital,” said John Wiechart, Senior Vice President of Acquisitions and Asset Management at M & J Wilkow. “We were attracted to The Promenade Bolingbrook because of its strong anchor tenants and its location in this growing southwest suburban retail node. The Promenade offers significant opportunity for redevelopment and strategic leasing to solidify its position as the area’s premier regional shopping, dining and entertainment destination.”
The Promenade marks the second acquisition by M & J Wilkow and Bixby Bridge Capital. In addition to the newly acquired Promenade, the firms’ retail portfolio also includes Outlets of Maui in Lahaina, Hawaii, the world’s only oceanfront outlet destination. Outlets of Maui consists of 150,000 square feet of retail on Maui’s historic Front Street and is home to such iconic brands as Kate Spade, Coach Factory Store, adidas and more.