$3.1M in Acquisition Financing Supports Pinewood Crossings, A Stabilized Retail Center in Gurnee
Clearinghouse CDFI provided $3,138,000 in acquisition financing for Pinewood Crossings, a stabilized 15-unit retail strip center and restaurant in Gurnee, Illinois. The property is 86% occupied, reflecting long-term tenancy, including six businesses that have operated at the center for more than a decade.
Tenant Stability and Service Mix
The center includes Golden Corral along with a mix of locally operated service providers, including an orthodontics practice, chiropractic and veterinary offices, an optometrist, a hair salon, and a sushi restaurant. The tenant mix reflects sustained neighborhood demand for everyday services and dining.
Strategic Location and Community Impact
Located near the main entrance to Six Flags Great America and positioned along the corridor between Milwaukee and Chicago, the property benefits from sustained regional traffic and strong retail fundamentals within the submarket. The property is located within a designated CDFI Investment Area. By financing a stabilized, service-oriented retail center, Clearinghouse CDFI supports continued small business operations and sustained commercial activity in the Gurnee corridor.
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#25IL-7970
