Acquisition Announcement: Empire Crossing | Bloomington, IL

Closed | Empire Crossing | Bloomington, IL

We are pleased to announce the successful closing of Empire Crossing, a premier power center located in the heart of Bloomington, Illinois.

Empire Crossing presents a compelling value-add opportunity anchored by the number one most trafficked HomeGoods store in Illinois, complemented by a strong national tenant lineup and an 86% occupancy rate with meaningful upside through inline lease-up and accretive outparcel spin opportunities.

Bloomington's dynamic market - home to State Farm's corporate headquarters, Rivian's EV manufacturing plant, and Illinois State University - continues to attract strong demand, supported by an impressive 4.39% five-year population growth rate.

"Empire Crossing is exactly the type of opportunity we look for, a dominant retail center in a thriving market with multiple levers to drive value. We couldn't be more excited about what's ahead for this asset."

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We look forward to unlocking the full potential of this exceptional property. Stay tuned for updates as we execute on our vision for Empire Crossing.

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