R
hino Investments Group, a Las Vegas-based commercial real estate firm, has acquired an interest in The Promenade Bolingbrook. This value-add investment company announced its acquisition on March 31, highlighting the property's potential for growth and redevelopment. Located at Boughton Road and I-355, The Promenade spans approximately 778,000 square feet and features a diverse mix of 73 national and local retailers.

    The property is situated in a densely populated area with over 200,000 residents within a 5-mile radius, boasting an average household income of $118,176. This demographic provides robust consumer demand and a significant daytime population, making it an attractive location for Rhino Investments Group. According to Sanjiv Chopra, CEO and founder of the company, they are "thrilled" to redevelop this asset in a rapidly growing market that is underserved.

    The company plans to enhance the property's performance, expand leasing opportunities, and solidify its position as a key retail destination in the area. For more information on Rhino Investments Group and The Promenade Bolingbrook, visit rhinoinvestmentsgroup.com and shoppingpromenade.com.