Fairlawn Capital, based in Champaign and Chicago, has finalized the purchase of The Pines at Stone Creek Commons from The Atkins Group, a longstanding real estate developer based in Urbana. The Pines of Stone Creek Commons includes three buildings (2740 S Philo Road, 2860 S Philo Road and 2870 S Philo Road) located in southeast Urbana. The property was established by The Atkins Group in 2007 and included 22,500 square feet of fully leased retail and office space spread over 5.31 acres. The neighborhood retail center includes the following tenants: Subway, Country Financial, Kinex Fitness Studios, Tely Organics, Hanger Clinic, SYNERGY HomeCare of Central Illinois, Urbana Fine Arts Center, Bouffant Salon and Casa Del Mar.
“The Pines was a vital part of my late husband, Clint Atkins, expanding vision for Urbana along with Mark Dixon overseeing the design and The Atkins Group promoting, caring and maintaining the property. It was a pioneering endeavor with all its businesses sharing and giving quality services to their patrons and the community. I, my family and TAG are extremely grateful for all the support given by The Pines businesses, their clients and Urbana. We support the new ownership and hope they have great success,” said Susie Atkins, founder of The Atkins Group.
“We are pleased to acquire this Class A retail center as part of a tax-deferred strategy for our equity partners,” said Chris Hartman, the President of Fairlawn Capital. “We look forward to continuing the vision of The Atkins Group by providing well-maintained and managed space for businesses and their local patrons at The Pines.”
The transaction was brokered by Guth & Associates, LLC, a commercial real estate brokerage firm based in Champaign.
About The Atkins Group (TAG)
The Atkins Group (TAG) is a real estate development and investment firm based in Urbana, Illinois. The TAG portfolio features farm, residential, industrial and commercial holdings and active projects in multiple states. TAG offers an array of real estate services: farm management, farm sales, premium home rentals, commercial leasing, commercial lot sales, industrial lot sales, industrial leasing and tailored build-to-suit. To learn more, please visit: https://www.atkinsgroup.com/
About Fairlawn Capital and Fairlawn Real Estate
Fairlawn Capital is a premier real estate investment and asset management firm with offices in Champaign and Chicago. Led by an experienced executive team, the firm’s portfolio consists of approximately 5,000 apartment units across Illinois and Indiana having a gross asset value of over $500 million. Fairlawn Capital has a ten-year track record of being a trusted steward of investor capital. To learn more, please visit: www.fairlawn-capital.com.
Fairlawn Real Estate is a full-service property management company. To learn more, please visit: https://www.fairlawnre.com/.
For additional information:
- Audrey Rund, Fairlawn Real Estate, Director of Marketing & Sales, (217) 722-0344, firstname.lastname@example.org
- Mark Dixon, The Atkins Group, (217) 693-5616, email@example.com
- Jill Guth, Guth & Associates, (217) 778-8305, firstname.lastname@example.org