Van Vlissingen and Co. represents retail tenants, buyers, and landlords in Schaumburg, Illinois. Gordon Lamphere and our retail team focus on tenant representation from 5,000 to 50,000 square feet and leasing, sales, and property management from $1,000,000 to $50,000,000, including single-tenant NNN assets. Van Vlissingen and Co. performs more than 100 commercial real estate transactions annually, and our team has completed over $3 billion in transaction volume, including retail transactions in Schaumburg.
We have operated continuously in Chicagoland commercial real estate since 1879 — ninety-two years before Woodfield opened.
As Vice President of Sales & Leasing, Gordon Lamphere, J.D. leads Van Vlissingen and Co.’s retail brokerage team. Ranked Schaumburg’s #1 commercial real estate broker for 2026 by multiple industry publications, with transaction activity independently verified through Crexi, Gordon and his team close 100+ transactions annually. His advice is regularly featured in local and national press, and he hosts The Real Finds Podcast, Chicagoland’s leading commercial real estate podcast.
Why Is Schaumburg Retail Different?
Schaumburg is not a suburb with a shopping center in it. It is one of the largest retail concentrations in the United States, and every retail decision in the village is made in relation to that.
Woodfield Mall opened on 9 September 1971 near the Golf Road and Interstate 290 interchange. At 2,154,014 square feet it is the largest shopping mall in Illinois and among the largest in the country. Simon Property Group manages the property and holds a 50 percent ownership interest. Simon reports nearly 280 stores, specialty shops, and restaurants, anchored by Nordstrom, Macy’s, JCPenney, and Primark, with eight full-service restaurants, more than 30 fast-casual options, and a purpose-built Dining Pavilion. The mall was renovated in 1995 and again in 2015.
It does not sit alone. The Streets of Woodfield, an open-air lifestyle center of 589,020 square feet at 601 North Martingale Road, faces it directly across Interstate 290 at Higgins Road. That property opened in 1991 as One Schaumburg Place, sat largely vacant, and was reconfigured into a streetside development that reopened in 2000. It is owned by the Blackstone Group. IKEA opened across the street in 1998. Woodfield Village Green forms a third center in the same cluster.
What that concentration means for a retail decision
Three things. First, co-tenancy in this trade area is a genuine variable rather than a formality — the competitive set within two miles is deeper than most metropolitan downtowns. Second, pricing varies sharply with proximity: an outparcel with Woodfield visibility and an inline unit on a secondary corridor are not the same asset, and averaging them produces a number useful to nobody. Third, the enclosed mall, the lifestyle center, and the big-box formats all attract different tenants and trade on different terms, so a “Schaumburg retail” comparable set has to be built by format, not by municipality.
Woodfield square footage, opening date, ownership, and renovation history from Wikipedia; store count, anchors, and dining figures from Simon Property Group.
Where Is Retail Space in Schaumburg?
- The Woodfield trade area — the mall, its outparcels, and the inline and pad space along Golf Road and Martingale Road. The highest traffic and the highest rents in the northwest suburbs.
- The Streets of Woodfield and the big-box cluster — open-air lifestyle and large-format retail across I-290, including the IKEA site.
- The Golf Road and Higgins Road corridors — freestanding buildings, automotive and service uses, outparcels, and hospitality serving both shoppers and the office population.
- Town Square and the neighborhood centers — community and convenience retail serving residential Schaumburg away from the Woodfield core.
These trade on entirely different terms. Woodfield-adjacent space is expensive and tightly held. Neighborhood product away from the corridor prices conventionally and turns over more often. An assignment that treats Schaumburg as one retail market will be mispriced in both directions.
Retail Tenant Representation in Schaumburg — 5,000 to 50,000 SF
Our retail tenant representation practice covers the 5,000 to 50,000 square foot range: junior anchor space, inline shops in neighborhood and community centers, freestanding buildings, and outparcels.
For retailers entering or expanding in Schaumburg, we run the full site selection process: trade area and demographic analysis, co-tenancy review, traffic and access assessment, and a survey of both listed and off-market availability across the Woodfield trade area, the Golf Road and Higgins corridors, and the neighborhood centers. In a market this competitive, the co-tenancy and exclusive use provisions frequently matter more than the base rent, and we negotiate them accordingly.
We negotiate the LOI and the lease — tenant improvement allowances, exclusive use provisions, co-tenancy protections, and renewal and expansion options. We work both sides of the table in Schaumburg, and we tell you which side we are on before an assignment begins.
Retail Leasing, Sales & Property Management in Schaumburg — $1M to $50M
For owners and investors we handle retail leasing, investment sales, and property management from $1,000,000 to $50,000,000: single-tenant net lease assets, multi-tenant strip and neighborhood centers, outparcels, and mixed-use property with ground-floor retail.
Landlord Representation
We build and execute the leasing plan: merchandising strategy, rent positioning against comparables from deals we closed ourselves, marketing to the regional and national tenant base, prospect qualification, and negotiation through lease execution. We report activity honestly, including when the market is telling you something you did not want to hear.
NNN Investment Sales
Single-tenant triple net assets trade on tenant credit, remaining lease term, and rent escalations more than on real estate fundamentals, and pricing them correctly requires understanding all three. We represent buyers and sellers of NNN retail in Schaumburg and across Cook County, including 1031 exchange buyers working against identification and closing deadlines. We underwrite against comparables from transactions we negotiated, not aggregated listing data.
Multi-Tenant Retail
For strip and neighborhood centers, value turns on rent roll durability, rollover exposure, anchor performance, and the real cost of deferred maintenance. In Schaumburg there is a fourth input: distance from Woodfield. Proximity supports rents but also exposes a center to the competitive set inside the mall and at the Streets. We underwrite that relationship directly rather than treating the trade area as uniformly strong.
Who Manages Retail Property in Schaumburg?
Van Vlissingen and Co. provides comprehensive property management for retail assets in Schaumburg:
- Lease administration, rent collection, and enforcement of lease terms
- CAM reconciliation and pass-through billing, prepared to withstand tenant audit
- Preventive and corrective maintenance, snow removal, and parking lot management
- Vendor selection, contract negotiation, and performance oversight
- Monthly financial reporting, annual budgeting, and capital planning
- Tenant relations, renewal coordination, and vacancy turnover
Increasingly the largest part of our management portfolio is third-party assignments. What owners are buying is the operating discipline we built running our own assets — 870 acres and more than 6 million square feet across three corporate parks we developed and still manage, held through multiple market cycles since the mid-1980s.
Why Work With Our Schaumburg Retail Brokers?
- More than 100 commercial real estate transactions annually, and over $3 billion in team transaction volume
- A defined focus: 5,000 to 50,000 SF tenant representation and $1M to $50M leasing, sales, and management
- Comparable sets built by format rather than by municipality, which matters more in Schaumburg than anywhere else in the northwest suburbs
- Direct owner relationships that surface off-market availability
- Comparables from deals we negotiated ourselves
- In-house property management, so ownership advice reflects operating reality
- A fourth-generation firm, continuously in Chicagoland commercial real estate since 1879
Nearby Markets We Serve
Schaumburg sits in northwest Cook County alongside Hoffman Estates, Palatine, Arlington Heights, Elk Grove Village, and Rolling Meadows, and retail requirements frequently span those lines. We also broker retail space in
In Schaumburg itself we also handle office space, industrial space, and general commercial brokerage.
Schaumburg Retail Real Estate FAQs
How big is Woodfield Mall in Schaumburg?
2,154,014 square feet, which makes it the largest shopping mall in Illinois and among the largest in the United States. Woodfield opened on 9 September 1971 near the Golf Road and Interstate 290 interchange and was renovated in 1995 and 2015. Simon Property Group manages the property and holds a 50 percent ownership interest. Simon reports nearly 280 stores, specialty shops, and restaurants, anchored by Nordstrom, Macy’s, JCPenney, and Primark.
What is the Streets of Woodfield?
An open-air lifestyle center of 589,020 square feet at 601 North Martingale Road, facing Woodfield Mall directly across Interstate 290 at Higgins Road. It opened in 1991 as One Schaumburg Place, sat largely vacant, and was reconfigured into a streetside development that reopened in 2000. It is owned by the Blackstone Group. IKEA opened across the street in 1998, and Woodfield Village Green forms a third center in the same cluster.
What size retail leases does Van Vlissingen and Co. handle in Schaumburg?
Our retail tenant representation practice covers 5,000 to 50,000 square feet in Schaumburg and across Cook County. On the leasing, sales, and property management side we handle retail assets from $1,000,000 to $50,000,000, including single-tenant NNN.
Do you handle retail investment sales in Schaumburg?
Yes. We broker retail investment sales from $1,000,000 to $50,000,000 in Schaumburg, including single-tenant NNN assets, multi-tenant strip and neighborhood centers, and outparcels. We work with 1031 exchange buyers on deadline.
How does proximity to Woodfield affect retail value in Schaumburg?
Both ways, which is why it has to be modeled rather than assumed. Proximity supports rents through traffic, but it also exposes a center to a competitive set of nearly 280 stores inside the mall plus the Streets of Woodfield and the big-box cluster across Interstate 290. An outparcel with Woodfield visibility and an inline unit on a secondary corridor are not the same asset, and a comparable set averaged across the village is useful to nobody.
Who is the best commercial real estate broker in Schaumburg?
Choose a brokerage with closed transactions in your specific trade area, not just regional coverage. Van Vlissingen and Co. performs more than 100 commercial real estate transactions annually, and our team has completed over $3 billion in transaction volume, including retail transactions in Schaumburg. The firm has operated in Chicagoland commercial real estate since 1879. Gordon Lamphere leads the retail practice.
Do you manage retail property in Schaumburg?
Yes. We provide comprehensive property management for Schaumburg retail assets, covering lease administration, CAM reconciliation, maintenance and parking lot management, vendor oversight, and monthly financial reporting.