PRESS RELEASE: Sperry Van Ness Executes Sale of Charlestowne Mall

GENEVA, IL – Sperry Van Ness / Landmark Commercial Real Estate has completed the sale of the Charlestowne Mall in St. Charles, Ill to The Krause Companies Inc. The property is a 1.1 million-square-foot enclosed regional mall on approximately 80 acres at 3800 E. Main Street in St. Charles.
Charlestowne Mall is approximately 50 percent occupied, anchored by Von Maur, Carson Pirie Scott, Kohls and Classic Cinema’s Charlestowne 18. The spaces occupied by Von Maur and Kohls are separately owned and were not included in the sale.
Managing director/broker Neil Johnson and advisor Joel Miller represented both the seller and the buyer in the transaction.  
Founded in 1987, Sperry Van Ness is one of the largest and fastest-growing commercial real estate brokerage firms in the industry, with more than 175 offices in 38 states. Sperry Van Ness delivers results for clients through a proven business model that provides advanced marketing and technology tools. Based in Irvine, Calif., the firm operates internationally and provides brokerage, consultation, asset management, property management, leasing, accelerated marketing and auction services. Sperry Van Ness transactions total billions of dollars annually in retail, office, multifamily, industrial, self-storage, hospitality and land transactions.
Sperry Van Ness / Landmark Commercial Real Estate LLC is a full-service commercial real estate advisory firm located in Geneva, Ill.  For more information, please visit or call (630) 938-4950
Contact: Neil Johnson, Managing Director
Telephone: (630) 938-4950
Sperry Van Ness / Landmark Commercial Real Estate LLC
21 N. Third St., Suite 200, Geneva, IL  60134
TAGS: Investment