Jones Lang LaSalle Incorporated : Two regional retail centers sold on behalf of Walton Street Capital

CHICAGO, Jan. 4, 2021 -JLL Capital Markets announced today that it has closed the sale of Town Square, a 138,571-square-foot, regional shopping center in Schererville, Indiana, and Silver State Plaza Shopping Center, a 155,471-square-foot, regional retail center in Sparks, Nevada.

JLL marketed the properties on behalf of the seller, Walton Street Capital, in two separate transactions. Albanese Cormier was the buyer of both centers.

Town Square is positioned about 45 minutes from downtown Chicago, along Indianapolis Blvd. (Highway 41), which has a daily traffic count of more than 40,000 vehicles. Completed in 2001, the retail center is anchored by Bed Bath & Beyond and TJ Maxx and features top-tier national and regional tenants, including Old Navy and Shoe Carnival, among others.

Silver State Plaza Shopping Center is located at 410-790 N McCarran Blvd. at the high-traffic intersection of McCarran Blvd. (29,300 cars per day) and Prater Way (17,700 cars per day). The 26.15-acre site also offers direct access to Interstate 80, expanding the center's reach. The 96.7%-leased property is home to a diverse mix of daily needs and service-oriented tenants, including Ross Dress for Less, Dollar Tree, Planet Fitness, Wendy's and CVS Pharmacy.

The JLL Retail Capital Markets team representing the seller for Town Square was led by Managing Directors Clinton Mitchell and Amy Sands.

JLL's Retail Capital Markets team representing the seller for Silver State was led by Managing Director Gleb Lvovich (NV. Lic. #S.0189602) and Directors Daniel Tyner and Tony Ensbury.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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