Nordstrom Rack signed an NNN lease for a 25,000-s.f. portion of a former 36,000-s.f. Bed Bath & Beyond inline unit that closed in early 2023. Tenancy for the remaining 11,000 s.f. has not been finalized yet. The power center space appealed to Nordstrom Rack as it is located on a major retail corridor in the affluent suburban city of Geneva, located about 36 miles west of downtown Chicago. The average household income within five miles of the center is $150K.
Tenant: Nordstrom Rack
Location: Geneva, Ill.
Square Footage: 25,000 s.f.
Developer/Owner: Viking Partners, LLC
Property Type: Power Center
The co-tenants include numerous nationally known retailers, such as Marshalls, Michaels, Old Navy, PetSmart, Ulta Beauty, Five Below and Party City. Within a mile of the power center are many other high-traffic tenants, including Panera Bread, Best Buy, Fresh Thyme Market, Trader Joe’s and The Home Depot.
The biggest issue encountered during the lease deal was the fact that the power center itself underwent an acquisition to Viking Partners in the fall of 2023, right in the midst of the negotiation process. Open lines of communication with all parties involved — facilitated by the team at CBRE — ensured that the transition went smoothly.
Property Representation:
CBRE
321 N. Clark St., Suite 3400
Chicago, IL 60654
Joe Parrott, SVP
(312) 297-7680
joe.parrott@cbre.com
Sean McCourt, SVP
(312) 297-7688
sean.mccourt@cbre.com
Tenant Representation:
CBRE
321 N. Clark St., Suite 3400
Chicago, IL 60654
Meredith Oliver, SVP
(312) 935-1904
meredith.oliver@cbre.com





















