Tony’s Finer Foods acquires retail center

Chicago -- Transwestern’s Chicago office announced it brokered the sale of Town Square of Schaumburg, a 96,014 sq. ft. retail center, in Schaumburg, Illinois, for an undisclosed amount to Tony’s Finer Foods. Tony’s Finer Foods plans to open a Tony’s in the former Dominick’s space, which closed in December 2013.



“Given the lack of grocery stores within a 3-mile radius of the property, this was a compelling opportunity for another grocer,” said Janice Sellis, director of Transwestern Capital Markets. “Tony’s will benefit from the location’s high traffic counts and densely populated neighborhoods in the surrounding area.”



The center is currently 90% leased: retailers include Bonefish Grill, GNC, Chiro One, Scottrade Inc., Sylvan Learning Inc. and Hair Cuttery.