MIAMI, Nov. 12, 2025 – JLL Capital Markets announced today that it has secured a $27.25 million acquisition financing for Market Meadows, an institutional-quality grocery-anchored shopping center located in Naperville, Illinois.
JLL represented the borrower, Barings, in arranging a seven-year, fixed-rate loan through Principal Asset Management.
Market Meadows is strategically positioned at 1201-1315 S. Naper Blvd. at the high-visibility intersection of 75th St. and Naper Blvd. in one of the Midwest's most affluent and supply-constrained retail submarkets. The property serves as a premier retail hub just 2.5 miles from Naperville's vibrant downtown.
The 149,185-square-foot shopping center is 98.3% leased and anchored by a Jewel-Osco store that comprises 45% of the net rentable area and ranks in the top 20% nationally for the grocery chain. The retail center also features a diverse tenant mix of national and regional operators including U.S. Bank, BMO Bank, T-Mobile, Chipotle, Jersey Mike's Subs and McDonald's.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Chris Drew and Travis Anderson, Managing Director Chris Knight along with Director Wells Waller and Analyst Merrick Evans.
"Market Meadows represents a high-performing asset with strong credit tenancy and limited rollover in one of the Chicago area's most desirable retail locations," said Knight. "The property's recent redevelopment, excellent demographics and experienced institutional sponsorship made it an attractive financing opportunity."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Principal Asset Management
Principal Asset Management takes an active approach to investing with a clear focus on clients, applying local insights and global perspectives to optimize results across market cycles. Operating from more than 30 offices spanning Asia, Europe, Latin America, the Middle East and the United States, the firm serves clients in more than 80 markets worldwide. This approach allows Principal Asset Management to identify compelling opportunities while positioning for future market developments.
About Barings
Barings is a $470+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.