Westwood Financial Sells Kingsbury Center in Chicago

Dual-anchored center in Chicago's Lincoln Park neighborhood is 100% leased

CHICAGO (Mar. XX, 2026) - Westwood Financial, a leading retail real estate investment firm, announced today the sale of Kingsbury Center, a 53,910-square-foot retail center situated in Chicago's Lincoln Park neighborhood and within the vibrant Clybourn Corridor Shopping District. The property is dual-anchored by Sky Zone and PetSmart, which occupy 35,386 square feet and 18,524 square feet, respectively.

Located at 1415-1435 N. Kingsbury St., Kingsbury Center is 100% leased. Following the vacancy left by Buybuy Baby when it filed for bankruptcy and closed its store in 2023, Westwood Financial executed an aggressive and proactive leasing effort, securing a 10-year lease with Sky Zone to backfill the entire space. The trampoline park opened in 2024. Westwood Financial has owned Kingsbury Center since 2017.

The Sky Zone lease agreement contributed to a 21.6% increase in monthly visits to Kingsbury Center year-over-year.

"We are proud of the work our team accomplished at Kingsbury Center over the past decade," said Lauren Ball, Chief Operating Officer at Westwood Financial. "Following the BuyBuy Baby closure, we moved quickly to reposition the space and secure Sky Zone as a new anchor tenant, restoring traffic and stabilizing the property."

Located in the Lincoln Park neighborhood of Chicago within Cook County, Kingsbury Center sits along the Clybourn Corridor retail district. The surrounding area includes a mix of national retailers and residential development and is accessible via nearby public transit.

"This transaction reflects Westwood Financial's disciplined capital allocation strategy and focus on value creation," said Juyuan Wei, Chief Financial Officer. "Through proactive leasing and operational execution, we were able to stabilize the asset and realize the value created, allowing us to redeploy capital into new opportunities on behalf of our investors."

Westwood Financial maintains a select portfolio of assets in the Chicago market, including Clybourn Galleria in the North Side district; Elk Crossing in Elk Grove Village; Elmhurst City Centre in Elmhurst; and Sanders Court in Northbrook.

For more information about Westwood Financial, visit its website and follow along on LinkedIn and Instagram.

###

About Westwood Financial

Westwood Financial owns, manages, and operates over 125 high-quality shopping centers in top U.S. metropolitan markets, including Atlanta, Charlotte, Dallas, Denver, Los Angeles, Orlando, Phoenix, and Raleigh. Top-tier grocers and leading service and experiential-based operators primarily anchor the centers. Established in 1970 by Howard Banchik and Steven Fogel, Westwood Financial is headquartered in Los Angeles, with regional offices in Atlanta, Dallas, and Phoenix.