/

|

|

Highlights
Lamar Companies sold an 87,000-square-foot portion of Geneva Commons to CenterSquare Investment Management for nearly $39 million.
Lamar retained over 300,000 square feet of the property, recouping over 60 percent of its initial $63.75 million purchase price.
The sale follows aggressive leasing efforts that brought occupancy from 88 percent to 95 percent, contrasting with massive losses taken by other institutional owners in the suburban Chicago retail market.