Bradford Allen Buys More Arlington Heights Land

A 12-acre land acquisition just added oomph to an Arlington Heights mixed-use development.

Chicago developer Bradford Allen expanded its holdings along South Arlington Heights Road, adding two more sites to advance a “town center” district near the Interstate 90 interchange, the Daily Herald reported.

The firm recently bought an 8-acre parcel at 2015 South Arlington Heights Road, paying $3.35 million ($418,750 per acre) for the site where an office complex was razed last year. It also picked up a 4-acre site at 10 East Algonquin Road, the former Yanni’s Greek Restaurant property, torn down in 2016. Pricing for that deal wasn’t disclosed, but a brochure from CBRE asked $5.26 million ($1.3 million per acre) for the site.

Jeff Bernstein, principal at Bradford Allen, said the goal is to create a “complete town center development” with multifamily, retail, restaurants and medical offices.

Marcus & Millichap arranged the sale of the South Arlington Heights site, and CBRE repped the seller of the former Yanni’s property. The parcels are near a $130 million, 301-unit apartment building Bradford Allen has under construction across the street and about a 10 minute drive from the site the Chicago Bears have marked for the team’s new stadium.

“This was screaming for redevelopment,” Bernstein told the outlet. “It’s the gateway to Arlington Heights.”

Plans call for senior housing or townhomes on the Seegers site, and retail or restaurant uses on the Yanni’s parcel. Meanwhile, the firm has begun marketing Arlo House, its nearly topped-out, eight-story apartment building with ground-floor commercial space. The development cost is almost $432,000 per apartment unit. Preleasing will begin late this year, with tenants expected to move in by early 2026.

Just up the street, Bradford Allen is also renovating the former Daily Herald building into a 153,000-square-foot medical office project called ArlingtonMed. Roughly 60 brokers toured the building at a recent open house hosted by the firm. Bernstein said the build-out will proceed once an anchor tenant signs on.

Another future phase envisions a 10-story, 300-unit apartment tower with retail — possibly a grocery store — on the nearby Guitar Center site, which the firm acquired for $9 million in 2023. The music retailer has about five years left on its lease, but Bernstein hopes to relocate it elsewhere in the project.

Local infrastructure upgrades are underway to support the buildout. Arlington Heights trustees approved $4.5 million in contracts this week to replace more than 2,800 linear feet of sewer pipe under Algonquin Road, increasing capacity to accommodate the area’s planned density.

— Judah Duke