May 13, 2025
Fairlawn, a leading real estate investment, management, and development firm, is pleased to announce the acquisition of Parkhill Plaza, a commercial property located at the corner of South Neil Street and West John Street in Champaign, Illinois.
Parkhill Plaza is situated in a prime location near Downtown and features six established tenants: Dixon Graphics, Anytime Fitness, Little Caesars, Champaign Dental Group, Classic Tan, and Coldwell Banker Commercial Devonshire Realty. The property offers excellent visibility along South Neil Street, one of Champaign’s busiest roadways, and spans over 32,000 square feet, including retail and warehouse space. As part of the acquisition, Fairlawn plans to invest in a series of property improvements, including a roof replacement, upgrades to the parking lot, and additional repairs to enhance the property’s overall condition and curb appeal.
“We’re excited to bring Parkhill Plaza into the Fairlawn portfolio,” said Chris Hartman, President of Fairlawn. “This property’s location makes it an ideal addition as we continue to invest in properties that contribute to the vitality and growth of the Champaign community.”
Fairlawn was represented by Guth & Associates as the Commercial Broker during the transaction. With the purchase of Parkhill Plaza, Fairlawn continues to strengthen its footprint in the local market and its commitment to creating better places across the Midwest.
Fairlawn is a vertically integrated multifamily real estate investment, management, and development firm based in Chicago and Champaign, IL, with roughly 5,750 units, more than 380,000 square feet of commercial space, and $750 million in assets under management. With ambitious plans for continued growth, Fairlawn is focused on expanding its portfolio across Illinois, Indiana, and other targeted Midwest markets.
