Greenstone Partners has arranged the sale of Circle Plaza, a fully occupied multi-tenant retail center in Forest Park, Illinois, in a transaction valued at $8.41 million. The property, which has maintained near-continuous full occupancy since its original development in 1984, drew investor interest as a stabilized retail asset in an established suburban corridor.
The deal was brokered by Greenstone Partner and Investment Advisor Connor Sheedy. While the buyer and seller were not disclosed, the assignment underscores Greenstone Partners’ role in marketing and executing investment sales for retail assets with durable income profiles. The firm oversaw the sale process for the 18,486-square-foot center, which is positioned at the intersection of Harlem Avenue and Circle Avenue in Forest Park.
Circle Plaza features a mix of nationally recognized and service-oriented tenants that support daily needs and repeat customer traffic. The tenant roster includes Dunkin’, Pep Boys, Bloc Dispensary, HEAL Wellness, and Sploot Veterinary Care. This combination of food and beverage, automotive, health and wellness, and pet care uses contributes to a diversified income stream and positions the center as a neighborhood-serving retail destination.
According to the marketing commentary, Circle Plaza has maintained nearly 100% continuous occupancy throughout its history, highlighting its long-term tenant demand and operational durability. The property was characterized as offering investors a rare chance to acquire an infill retail asset with a proven operating track record and significant long-term stability, reflecting its consistent performance over several market cycles.
Located adjacent to both the CTA Green Line Harlem/Lake Station and Metra’s Union Pacific West Line, Circle Plaza benefits from strong transit accessibility in Chicago’s western suburbs. Its position along one of the area’s more active retail corridors, combined with high visibility at a key intersection, enhances its appeal to retailers seeking exposure to established traffic patterns and to investors targeting stabilized, transit-accessible retail centers.
