Octave Holdings & Investments (Octave) and Vantico Investments (Vantico) are pleased to announce their third acquisition of 2026 under their recently launched Octave Vantico Alliance Fund I (OVA).
Randall Square, a 171,860 square foot power center, is located at 1506 S. Randall Road, in Geneva, Illinois. The property is currently 96% occupied and anchored by a strong lineup of national tenants including Nordstrom Rack, Marshalls, Ulta, Old Navy, Skechers, PetSmart, Five Below, and Michaels. The center is further supported by its prominent shadow-anchors next door and adjacent including Fresh Thyme Market, Home Depot, Walmart Supercenter, Ross and Best Buy, which collectively drive significant traffic to the area. The property boasts very strong demographics exceeding $215K average household incomes within a 1-mile radius, and supports the Geneva and St Charles submarkets along the heavily trafficked Randall Road retail corridor.
“Randall Square is going to be a great addition for our OVA fund,” said Scott Henard, Octave’s EVP & Director of Transactions. “We are excited to complete our third acquisition of the year, and grow our presence in the Midwest with Randall Square with great anchors in a very high-income growth submarket!”
Sridhar Marupudi, Octave’s Co-Founder and CEO, commented, “We are thrilled to add another dominant center to our portfolio, and to complete our first acquisition in Illinois! We continue to look for opportunities to acquire high-quality grocery-anchored or shadow-anchored centers meeting our disciplined investment criteria. This acquisition continues to reinforce OVA’s strategy of building a diversified portfolio of resilient, income-producing properties.”
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“Acquiring Randall Square continues to reinforce our value proposition of acquiring high quality retail properties to generate exceptional blended returns for our stakeholders,” said Dr. Hesham Baky, Co-Founder of Vantico Investments. “Completing the acquisition of Randall Square aligns perfectly with our broader OVA strategy of acquiring necessity-based retail centers and medical office buildings in strong, growing communities. Randall Square, along with our acquisitions of The HUB and Towne Square last, reinforce our thesis of investing in essential service anchored real estate that remains resilient across economic cycles.”
Together, these acquisitions underscore OVA’s broader strategy of building a diversified national portfolio of grocery-anchored and shadow-anchored retail centers, essential retail assets, and healthcare-focused commercial real estate in high-growth markets across the United States.
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