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Real Estate Trail
Institutional Press Wire
REBusiness Online · Retail

Cullinan Properties Secures 500,000 SF of Leasing Activity at Rock Run Collection in Joliet, Illinois

Via REBusiness Online · September 14, 2026
Compiled by Real Estate Trail Editorial · September 14, 2026

Why this matters

Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

  • Disclosed retail deal value tracked in September 2026: $5.7B across 97 reported transactions. All Retail coverage →

Computed from Real Estate Trail’s own tracked coverage

Excerpt from REBusiness Online:
JOLIET, ILL. — Cullinan Properties has secured more than 500,000 square feet of executed deals current or coming to Rock Run Collection, including naming five additional national and regional retail tenants alongside…
Read the full article at REBusiness Online →

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Related coverage — Retail