100 Roosevelt Road, Wheaton, IL 60187

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Building Details:

• Year Built: 1984

Park Place is located on the SWC of Roosevelt Road and Main Street in Wheaton, IL, and is the major retail corridor connecting both Wheaton and Glen Ellyn. The City of Wheaton is in Dupage County approximately 25 miles west of Chicago. In 2010, Wheaton was listed as by Money Magazine as one of the 25 highest earning towns in the United States. The town is regularly noted for its outstanding school system, New England style community, and more recently as financial center for investment management companies. Wheaton, being centrally located is the county seat of Dupage county and is home to the Dupage County Courthouse located on County Farm Road to the west, I-355 to the east and a Metra Train stop in downtown Wheaton.

The Roosevelt corridor through Wheaton ad Glen Ellyn encompasses more than 110 retail properties and many supporting office properties. This corridor has recently seen a number of new developments providing for a vibrant trade area and providing for a much-needed facelift for many of the older, properties. The new developments include a 72,000 sf Mariano’s grocery store on the corner of Roosevelt and Naperville roads and also directly across the street from the subject property. This has been a significant addition to this immediate corridor, providing a higher-end grocer which has tremendous regional pull, estimated annual sales are in excess of $50M. Additionally, there is a new 6,000 sf AAA (Triple A) full service car repair, a new 12,000 sf Acosta’s furniture store and a redeveloped mobile station with a new store and car wash along with a newly redeveloped 7-11 store and gas station. On the border of Wheaton and Glen Ellyn on Roosevelt Road, there is a recently constructed 25,000 sf Fresh Market which includes a number of small shops along with several smaller developments under construction.

The Wheaton Roosevelt Road corridor and the overall market continues to do very well. All of the new developments along with redevelopments provide for a robust commercial corridor and bring in a significant amount of traffic on a daily basis. This makes this immediate area a desirable location for new businesses and supports the office businesses providing for a stable an actively growing market.