IRC hires Cushman & Wakefield to sell Evergreen Promenade

Mariano's-Anchored Suburban Shopping Center On The Market

In April 2018, IRC Retail Centers listed Evergreen Promenade, a 92,000-square-foot shopping center in Evergreen Park, for sale. Anchored by a 75,000-square-foot Mariano's Fresh Market and a PetSmart, the center boasts a strong tenant base, with these two retailers accounting for 96% of its occupancy. The property's strategic location at 2559-2603 West 95th Street offers high visibility, with 78,000 vehicles passing daily at the intersection of 95th Street and Western Avenue. Additionally, it serves a substantial customer base, reaching 225,000 residents within a 3-mile radius and 626,000 within 6 miles.

The Mariano's lease extends through January 2035, providing long-term stability. Evergreen Promenade's combination of prime location, reliable tenants, and strong community reach makes it an attractive investment opportunity in the suburban Chicago retail market.

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