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CBRE completes two retail sales in suburban Chicago for $14.8 million
Chicago -- CBRE recently completed the sale of two retail centers in the Chicago, Illinois suburbs for $14.8 million.
Regency Square, a 43,361 sq. ft. center, located in Huntley, Illinois is 97% leased. The center is anchored by Aldi and includes tenants Athletico, Jimmy John’s, Little Caesar’s and SportClips. CBRE represented the seller, Interstate Partners. Regency Square sold for $10.8 million. CBRE’s Derrick Almassy and Rich Frolik represented Interstate Partners in the sale to Hamilton Partners.
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Aldi takes energy management to the cloud
Discount grocer Aldi has deployed an energy management solution that gives it control and visibility across its nearly 1,500 U.S. stores.
The chain has implemented Siemens’ Site Controls energy management system, with the majority of the installations involving retrofits at existing stores where thermostats or third-party energy management systems were replaced. But the system has been deployed in newly constructed stores as well. Aldi will also install the Site Controls system in new stores as it continues to expand across the nation.