SRS Arranges Sale of Small-Format Target Store in Metro Chicago

by Camren Skelton

Oak Park, Ill. — SRS Real Estate Partners has arranged the sale of a 22,000-square-foot retail real estate property leased to Target in Oak Park, located nine miles west of Chicago.

The small-format Target features a full-service CVS/pharmacy and a Starbucks Coffee. Built in 2017, the store is the ground-floor retail component of The Emerson, a mixed-use development that includes 271 residential units. Britt Raymond, Matthew Mousavi, Patrick Luther and Kyle Fant of SRS represented the New York-based buyer. A Chicago-based developer was the seller. Target launched its new small-format concept three years ago and now has eight stores open in Chicago, with two more slated to open this year and four scheduled to open in 2019.

You may also like