Burbank Station is a 303,566 sf regional grocery-anchored power center, featuring an exceptional line-up of high profile, credit-worthy anchors, and shops. It is in Burbank, Illinois approximately one and a half miles south of Midway Airport.
The shopping center was acquired in the 3rd Qtr 2012 by a partnership between ABBELL ASSOCIATES and a private REIT. Over the next 3.5 years, ABBELL re-leased and expanded several anchor positions, filled all the shop spaces, and upgraded the common areas, significantly increasing the NOI. The property was sold in 2016, well above the initial projections, and ABBELL continued to work for the new owner, and found the next buyer who is continuing the upgrade of the tenancy and physical plant, with ABBELL’S guidance. The property is 100% leased.