Grocery-anchored neighborhood center
Cobbler Crossing is a 102,643 square-foot grocery-anchored neighborhood center located at the northeast corner of Summit Road and Waverly Drive, Elgin, Illinois, a northwestern Chicago suburb. Built in 1993, Cobbler Crossing is 90.5% occupied and anchored by a 64,938 square foot Jewel-Osco grocery and Pep Boys. Cobbler Crossing serves a broad, dense and diverse five-mile trade area of more than 183,000 residents with Average Household Incomes of $87,000.
Jewel-Osco, which boasts the #1 market share grocer in the Chicago MSA, recently exercised an early renewal and extensions of its lease for 10+ years, reflecting its commitment to this location.