Business & Tech
Rhino Investments Group Acquires Interest In The Promenade Bolingbrook
The Promenade Bolingbrook has had several recent closures, including Bar Louie and Danny's Pizza.
BOLINGBROOK, IL — Rhino Investments Group (Rhino), which is a Las Vegas-based commercial real estate firm specializing in value-add investments, has acquired an interest in The Promenade Bolingbrook, according to a news release.
The Promenade Bolingbrook is 778,000 square feet, and features a mix of 73 national and local retailers.
"We are thrilled to help redevelop this Asset and we truly believe in The Promenade Bolingbrook, an exceptional asset in a rapidly growing market that is underserved," Sanjiv Chopra, Chief Executive Officer and founder of Rhino Investments Group, said in a release. "This asset is a perfect fit with our strategy of targeting high-quality, well-located properties with strong tenant mixes and significant upside potential. We look forward to enhancing the property's performance, expanding its leasing opportunities, and reinforcing its position as a key retail destination in the area."
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Rhino's business site shows several recent commercial acquisitions, including Kitsap Mall in Washington; a 195,000-square-foot shopping center in California, and commercial properties in Las Vegas and New Mexico.
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