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Rhino Investments Group Acquires Dual Grocery-Anchored Power Center in Mount Prospect, Illinois

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Rhino Investments Group Acquires Dual Grocery-Anchored Power Center in Mount Prospect, Illinois

Acquisition of Randhurst Village Expands Rhino’s Presence in the Affluent Chicago Metropolitan Market

Rhino Investments Group, a commercial real estate investment firm specializing in value-add and necessity-based retail assets, announced the acquisition of Randhurst Village, an open-air, dual grocery-anchored power center located in Mount Prospect, Illinois. The acquisition closed on September 15, 2026.

The acquisition marks Rhino’s second major retail investment in the Chicago metropolitan area in the past year, following its acquisition of The Promenade Bolingbrook in Bolingbrook, Illinois. Together, the acquisitions reflect Rhino’s continued expansion in the Chicago market and its strategy of investing in large-scale, well-located retail destinations with strong tenancy and long-term value-creation opportunities.
Randhurst Village is an approximately 931,798-square-foot open-air power center situated on 94.22 acres at the high-traffic intersection of Rand Road (U.S. Route 12) and Elmhurst Road (Illinois Route 83). The property is currently dual-anchored by Jewel-Osco, the leading supermarket in the Chicago MSA, and Costco, the nation’s top warehouse grocer and a rare inclusion in retail collateral.

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The center features an institutional-quality tenant roster. Beyond its grocery anchors, Randhurst Village is home to Home Depot, Macy’s, TJ Maxx, HomeGoods, Nike, Skechers, PetSmart, Planet Fitness, and AMC Theatres, among others, creating a diverse and resilient tenant mix.

3 million annual visitors, reinforcing its standing as a dominant regional shopping destination in Chicago’s affluent northern suburbs.



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