The Arboretum of South Barrington
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| Coordinates | 42°04′31″N 88°11′08″W / 42.075264°N 88.185588°W |
|---|---|
| Address | 100 W. Higgins Road, South Barrington, IL 60010 |
| Opening date | 2008 |
| Management | Heidner Property Management |
| Owner | Rick Heidner |
| Floor area | 484,000 ft2 |
| Floors | 1 |
| Parking | 4064 |
| Website | www |
The Arboretum of South Barrington is a shopping center in South Barrington, Illinois, a suburb of Chicago, Illinois, United States.[1] The center is looking to attract retailers. The 600,000-square-foot (56,000 m2) center comprises a mix of apparel and furniture retailers, restaurants, and a movie theater.
On December 15, 2010, owner Jaffe Cos. announced they were putting the mall up for sale as they were unable to pay off the $91,000,000 construction loan.[2] In 2011, Jaffe Cos. brought in a partner, Long Warf, to pay off the debt. It sold the mall to Starwood Retail Properties.[3][4]
In 2022, the Arboretum of South Barrington was sold to Hoffman Estates–based Heidner Properties, Inc., led by real estate investor Rick Heidner. The acquisition followed a loan default and foreclosure proceedings involving the previous owner, a venture of Starwood Capital Group. Heidner acquired the property by purchasing the defaulted $67 million loan, gaining control of the 484,000-square-foot open-air shopping center, which became the flagship asset of Heidner Properties’ retail portfolio.[5]
Following the sale, Heidner Properties announced plans for capital improvements, aesthetic upgrades, and enhancements to the tenant mix, with a focus on dining, entertainment, and community-oriented uses. The transaction was completed shortly before the opening of a new Star Cinema Grill theater at the property, replacing the former iPic Theaters location.[6]
