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Lamar Companies acquires Geneva Commons, a premier open-air shopping center in Chicago's western suburbs

PRIVATEMay 15, 2024

Acquiring Company

Fairview Centre

Description

Lamar Companies, in conjunction with Real Capital Solutions, has announced the acquisition of Geneva Commons, a 440,370 SF open-air shopping center in Geneva, IL. This acquisition reinforces Lamar's strategy of acquiring premier lifestyle centers with value-add potential and further strengthens its position in the retail real estate market.

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Company Information

Company

Fairview Centre

About

Fairview Centre is a grocery-anchored shopping center that has been serving its community for over 85 years. It has a significant occupancy rate with major tenants like Giant Eagle. The center features multiple retail spaces and is located along a busy thoroughfare. Originally built in 1940, it underwent major reconstruction in the mid-1990s.

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