JLL to Manage The Shoppes at Grand Prairie
JLL today announced it will now manage and lease The Shoppes at Grand Prairie on behalf of Singerman Real Estate (“SRE”). The Shoppes at Grand Prairie, is a 468,127-square-foot, value-add lifestyle center in the central Illinois city of Peoria. It was recently purchased by SRE.
Regional Manager, Sylvia Payette, and General Manager, Greg Slowiak, will oversee JLL’s efforts across management, marketing, specialty leasing, operations and accounting for the asset, and will oversee national leasing and Brad Joseph of Joseph & Camper Commercial who will oversee local leasing. SRE has also engaged D. Joseph Sons & Associates to assist with asset management of the center.
“We believe The Shoppes at Grand Prairie to be the best retail asset in the greater Peoria market,” says Stephen Duncan, Principal of Singerman Real Estate. “We are excited to complement our existing tenants with fresh new concepts and enhance the overall shopping experience for our customers. We look forward to collaborating on this opportunity with our exceptional partners, JLL and D. Joseph Sons and Associates.”
The Shoppes at Grand Prairie opened in 2003 and comprises six multi-tenant buildings and one single-tenant building. The center is home to more than 35 national and regional tenants, including Bergner’s, Dick’s Sporting Goods, Marshalls, HomeGoods, DSW, H&M, Old Navy, J. Crew Mercantile, Banana Republic Factory Store and J.Jill. Situated on 30.27 acres at 5201 West War Memorial Drive, The Shoppes at Grand Prairie sits on the main retail corridor where West War Memorial Drive (Federal Highway 150) intersects with State Highway 6 in northwest Peoria.
About Singerman Real Estate, LLC
Singerman Real Estate, LLC (SRE) is an opportunistic real estate investment firm that has deep experience executing complex transactions and unlocking embedded value through the ownership of properties, real estate loans and operating companies. SRE’s principals have executed over $2.5 billion of investments. SRE focuses on maximizing risk-adjusted returns through investments in both debt and equity across all major asset classes including office, retail, hotel, and multifamily, in addition to secondary real estate asset classes such as student housing and senior housing. For more information, visit www.singermanre.com.
About The Shoppes at Grand Prairie
The Shoppes at Grand Prairie is a 468,127-square-foot lifestyle center located in the central Illinois community of Peoria. Center anchors include Bergner’s, Dick’s Sporting Goods, Marshalls, HomeGoods and more than 30 national, regional and local shops and services. The community focused shopping center hosts numerous family-oriented events throughout the year. To learn more please visit www.shoppesatgrandprairie.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jllretail.com.
Contact: Katie Sershon
Phone: +1 312-228-3127