Tony’s Finer Foods Acquires Retail Center With Former Dominick’s For Its Newest Grocery StoreAugust 28, 2015
Transwestern’s Chicago office today announces it brokered the sale of Town Square of Schaumburg at 140 – 200 S. Roselle Road in Schaumburg, Illinois. Tony’s Finer Foods purchased the 96,014-square-foot retail center for an undisclosed amount, with plans to open a Tony’s in the former Dominick’s space, which closed in December 2013. Transwestern Capital Markets Directors Janice Sellis and Paul Barile represented the seller, a pension fund managed by Transwestern, in the transaction.
“Given the lack of grocery stores within a 3-mile radius of the property, this was a compelling opportunity for another grocer,” said Sellis. “The buyer is a well-established, family-owned chain that has a history of successfully converting former Dominick’s stores to fit its format. Tony’s will benefit from the location’s high traffic counts and densely populated neighborhoods in the surrounding area.”
Tenants of the 90 percent-occupied center include Bonefish Grill, GNC, Chiro One, Scottrade Inc., Sylvan Learning Inc. and Hair Cuttery.
Tony’s Finer Foods was represented by Lawrence Tucker of Tucker Real Estate.
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