Blackstone Sells Streets of Woodfield Shopping Center at 59% Loss for $69M

Blackstone's Perform Properties sold the Streets of Woodfield, a 693,000 SF open-air shopping center in Schaumburg, Illinois to Hutensky Capital Partners and its capital partner PCCP for $69 million - a 59% discount to Blackstone's $168.5 million 2015 purchase price. The sale was first reported by The Real Deal Chicago on January 26, 2026. The loss reflects challenges in the suburban retail sector from anchor tenant bankruptcies and changing shopping habits. The largest tenant is Dick's Sporting Goods; other tenants include Whole Foods, AMC, Dave & Buster's, and Legoland Discovery Center.