Prudent Growth Purchases Champaign Station in Illinois

Prudent Growth Partners, LLC, a private equity real estate firm with locations in Chapel Hill and Charlotte, NC, has completed its $5.1 million purchase of Champaign Station, a 21,152 square foot multi-tenant shopping center located in Champaign, Illinois.

Built in 2007, the property's modern design, beautiful brick masonry exterior, and strategic location make it an attractive investment. It features a sought-after combination of restaurants, service-oriented and e-commerce resistant tenants, and future upside from potential mark-to-market leasing opportunities.

The center is strategically located in a dominant retail corridor of Champaign, IL, home to the University of Illinois Urbana-Champaign. It is positioned just off Town Center Blvd., a significant thoroughfare, and is easily accessible from Interstates 74 and 57. Champaign Station faces a busy commuter and commercial road and is conducive to a wide variety of users. The immediate retail landscape is home to regional draws like Costco, Menards, Target, Hobby Lobby, Lowe’s, Macy’s, Dick’s House of Sport, Sam’s Club, and Meijer. ​

"We are thrilled about purchasing Champaign Station in a vibrant college town like Champaign. We look forward to the center's performance, as it is in a favorable location within driving distance of the university and other busy parts of the area. It is another strong acquisition for our investors and a great expansion to our portfolio," said Tom Hahn, President of Prudent Growth Partners.

Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and provide exceptional returns on invested capital along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.