Bridge33 Capital acquires Forest Plaza Shopping Center in Rockford, IL
Rockford, IL - Bridge33 Capital is pleased to announce the successful acquisition of Forest Plaza, a prominent 438,401 square-foot open-air shopping center located at the southeast corner of Mulford Road and East State Street (US 20).
Nestled in the vibrant State Street retail corridor, Forest Plaza is ideally positioned to capitalize on Rockford's dynamic market. The city has recently been recognized as the #1 housing market in the United States and the #10 city with the lowest cost of living, making it an attractive destination for both residents and businesses alike.
The shopping center boasts a diverse lineup of national tenants, including Kohl's, Petco, Dick's Sporting Goods, Michaels, Marshalls, Binny's, and Old Navy, ensuring a robust shopping experience for the community.
“This acquisition reinforces Bridge33 Capital’s strategy to secure premier super regional retail destinations in rapidly growing markets,” said Andrew Scotland, Associate at Bridge33 Capital. “Rockford’s expanding economy, bolstered by significant infrastructure investments and the presence of major employers like General Mills and Walmart, enhances the long-term potential of this property.”
With the acquisition of Forest Plaza, Bridge33 Capital continues to strengthen its footprint in Illinois, marking its sixth acquisition in the state.