**Blackstone Offloads Schaumburg Retail Center at Steep Discount for $69M**
An affiliate of Blackstone, Perform Properties, has sold the Streets of Woodfield shopping center in Schaumburg for $69 million—less than half of what the company originally paid for it.
Located at 601 N. Martingale Road and adjacent to Woodfield Mall, Illinois’ largest shopping center, the 692,000-square-foot property was acquired by Connecticut-based Hutensky Capital Partners. Blackstone had purchased the retail center for $168.5 million in 2015.
Hutensky Capital Partners, in collaboration with capital partner PCCP, plans to reinvest in the center to revitalize and enhance the property. The deal comes more than four years after Blackstone initially listed the property for sale in late 2021, according to Crain’s.
Major tenants at Streets of Woodfield include Dick’s Sporting Goods, which occupies 173,793 square feet, as well as Whole Foods Market, AMC Theatres, Dave & Buster’s, and the Legoland Discovery Center.
This transaction marks another investment in the Chicago-area retail market by Hutensky Capital Partners, which also recently acquired Bloomingdale Court and Lake View Plaza in 2024.
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