Acquisition Date: March 2017
Liberty Plaza is a four-building multi-tenant shopping center located in Matteson, Illinois. The property is approximately occupied by predominantly national tenants including Davita Dialysis, ATI Physical Therapy, Dairy Queen, and Jimmy Johns. The property was originally built in 1981 but later renovated in 2006. It is strategically located near the intersection of Lincoln Highway and Cicero Avenue in the heart of the Matteson retail market which includes more than 2.9 million square feet of retail space. Tenants in the area include Walmart, Target, Home Depot, Menards, Sam’s Club, JCPenney, Burlington, Pete’s Fresh Market and LA Fitness among others. Matteson is an established retail market with an average household income of over $75,000 and a population of over 165,000 within a five-mile radius.