The Arboretum of South Barrington has been sold to local businessman Rick Heidner's Heidner Properties, Inc. Heidner said he plans to upgrade the open air shopping center with new shops and expanded community events. (Daily Herald File Photo)
The Arboretum of South Barrington, the 484,000-square-foot open air shopping center at Route 59 and Higgins Road, has been sold to Hoffman Estates-based Heidner Properties, Inc.
"Heidner Properties is proud to have added The Arboretum of South Barrington to our portfolio," Barrington Hills resident Rick Heidner, president of Heidner Properties, said in an announcement of the purchase Thursday. "The Arboretum will be our flagship property, and we are currently developing plans to enhance the already fantastic mix of dining, entertainment and retail."
The Arboretum is home to restaurants and retailers including Ruth's Chris Steakhouse, The Hampton Social, Cooper's Hawk Winery, DSW, LL Bean, Chico's, Sephora and Pinstripes. The purchase was announced a day before the opening of Star Cinema Grill, a 38,000-square-foot movie theater that replaces the former iPic Theaters.
Heidner said his plans include aesthetic upgrades, new and exclusive retail options, and an expansion of community programming.
"The Heidner family loves the Halloween and Christmas holidays, and the holiday plans will be unlike anything offered in the metropolitan area," the company's announcement states. "They view the Arboretum as a passion, not just an investment, and (are) committed to the long-term viability of this shopping center."
Shopping center management welcomed the acquisition Thursday.
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