Prudent Growth Partners has successfully completed its first acquisition in Illinois, acquiring Champaign Station in Champaign for $5.1 million. The private equity real estate firm purchased the 21,152-square-foot shopping center located at 45 E University Avenue. Built in 2007, the property boasts a desirable mix of restaurants, service-oriented and e-commerce-resistant tenants, with potential for future growth through mark-to-market leasing opportunities.
“We are excited to add Champaign Station to our portfolio and enter into the thriving college town market of Champaign,” said Tom Hahn, President of Prudent Growth Partners. “We anticipate strong performance from this well-located center that is within close proximity to both the university and other busy areas.”
Strategically situated on Town Center Blvd., a major retail corridor in Champaign known for its bustling activity near University of Illinois Urbana-Champaign campus,the shopping center offers easy access from Interstates 74 and 57.
This latest acquisition by Prudent Growth Partners further solidifies their presence as a leading player in private equity real estate investments.
