A shopping center near Chicago has sold for $125 million, the highest price in the area in a decade, adding to a recent run of major retail property sales.
At $125 million, shopping center sale sets Chicago-area decade high
Brand Street Properties, AEW Capital Management buy Deer Park Town Center
By Ryan Ori
CoStar NewsSeptember 24, 2026 | 10:27 P.M.
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IN THIS ARTICLE
- Properties
- Deer Park Town Center; Bldg 2
20530 Rand Rd, Deer Park, IL
- Companies
- Brand Street Properties
Real Estate
- AEW Capital Management
Finance and Insurance
- PGIM, Inc.
Finance and Insurance
- Contacts
- Conor Lalor
President, Head of Retail Capital Markets, Newmark
- Brian Schneiderman
Transactions Analyst, Newmark
- Jordan Brandes
VP- Acquisitions & Asset Management, Brand Street Properties
- Lauren Holden
Managing Director, Head of Retail, AEW Capital Management
- Keely Polczynski
Senior Managing Director, Newmark