Welcome to Vequity Where Real Estate is Redefined

Retail Real Estate Investment & Development

Vequity Strategically Advises Retailers To Out Position Their Competition

Our Investment Strategy

Vequity is a market-focused, process-centered organization. We develop and deliver innovative solutions to our clients, consistently outperform our peers, produce predictable earnings, and provide a dynamic and challenging environment for our employees. We meet market needs with relevant, sustainable and inspiring retail real estate solutions.

Vequity uses a systemic approach to identify and reposition undervalued Chicago and Midwest area retail real estate. Our main investment strategy is to acquire overlooked and undervalued retail real estate assets in emerging markets throughout the Midwest and the Chicago area and create value using our expertise in development, leasing and construction.

Vequity identifies neglected assets that combine a low cost basis and a strategic location and repositions them in creative retail settings. The vacancy and construction risks of these investments preclude many investors from exploring these opportunities, and there is often limited competition for Vequity in its preferred market segment. Vequity has succeeded with this strategy throughout multiple real estate cycles with no legacy investment issues.

The company’s core development activities are build-to-suits, multi-tenant, and joint ventures currently concentrated in the metropolitan Chicago area with an ever expanding portfolio reaching into the Midwest and nationally. To learn more about our retail investment and retailer services please call us at 312-985-0987.
Check out some of our recent projects.


Professional Real Estate Services Aligned To Our Clients Needs

Our Services

Vequity takes an advisory approach to understand your objectives and work collectively to create a program to meet your growth requirements. We have detailed market knowledge, strong relationships, and sophisticated real estate expertise including the following:


· Market Development Planning, Site Selection & Acquisition
· Lease Negotiation
· Zoning and Entitlement
· Design, Development and Construction Management
· Financing and Investment Analysis
· Property & Venture Management
· Disposition

Vequity offers a wide range of services to our clients including the following:

Development Services

Vequity offers our clients unparalleled knowledge and experience. Our staff provides comprehensive retail services built on a platform designed to exceed the expectations of our clients, investors, and tenants. Owner or tenant. New facility or build-out. Relocation or expansion. Single or multi-site. Private or public sector. We are your retail real estate partner.

No other service provider has the comparable bench of professionals, best practices, process controls, and global experience we use to address your real estate project management needs. You gain instant access to a team selected specifically to meet your objectives; they are armed with expertise in interior build-out, move management, commercial real estate operations, occupancy planning, engineering, architecture, and construction. Our collaborative approach is run by a dedicated project manager who serves as your single point of contact and ensures accountability.

We understand that retail offerings and clients needs are constantly changing. Whatever the scope, we will work with you to set measurable goals and accomplish them together.

Retail Real Estate Investment

Vequity adds value through the opportunistic acquisition and subsequent development or redevelopment of land and buildings in high-quality urban and suburban locations. Prior to acquisition, the company identifies creative solutions that address the fundamental real estate attributes of the asset.

Driven by both in-depth local insights and a global perspective, we deliver innovative, customized investment strategies, superior execution and a high success rate.

Construction Management

Vequity’s construction management services support our clients by assisting contractors in delivering high-quality projects, on time and within budget. Pressure is increasingly falling on owners to deal with complex construction issues from value engineering to bidding, contractor selection to change orders. Vequity’s significant experience dealing with these issues and efficient processes ensure on-time/on-budget delivery.

Property Management

Vequity’s property management professionals are superb agents for their buildings and for those who inhabit them. Our innovative and rigorous commercial asset management strategies help real estate owners reduce their operating costs and enhance property values while maintaining a superior work environment for tenants. Our expertise in tenant coordination, engineering services, security, energy management, and sustainability practices helps ensure long-term tenant satisfaction.

For more information on property management or to log in to our tenant portal please visit www.vequityrealestate.com 

Consistently Delivers A Successful And Positive Client Experience

Our Projects

Design Pointe – Naperville, IL Caribou Coffee, Smashburger, Jersey Mikes – Arlington Heights, IL Aspen Dental, Smashburger, Cocomero Yogurt – Bloomington, IL Mattress Firm & MetroPCS – Calumet City, IL
The Fresh Market – Glen Ellyn, IL O’Reilly Auto Parts – Chicago, IL Subway – Chicago, IL Tilted Kilt – Indianapolis, IN
Tilted Kilt – Fort Wayne, IN Tide Dry Cleaners – Naperville, IL Zoned DX-17 – Chicago, IL (coming soon) Tide Dry Cleaners – Glen Ellyn, IL
Checkers Drive-In Restaurant (#1) – Chicago, IL (Completed) Sleep Number by Select Comfort – Chicago, IL Checkers Drive-In Restaurant (#2) – Chicago, IL (Completed) 4756 N Clark, Chicago IL
4800 N Clark, Chicago IL Oak Brook Promenade – Oak Brook, IL Checkers Drive-In Restaurant (#3) – Chicago, IL (Completed) Checkers Drive-In Restaurant (#4) – Bellwood, IL (Completed)
Checkers Drive-In Restaurant (#5) – Chicago, IL Checkers Drive-In Restaurant (#6) – Chicago, IL Checkers Drive-In Restaurant – (#9) Broadview, IL (Completed) Checkers Drive-In Restaurant (#8) – Maywood, IL (Completed)
Glazed & Infused – Lincoln Park Estereo – Logan Square Heartland Dental | Fannie May | Firehouse Subs – Lake in the Hills, IL Starbucks & Fifth-Third ATM – Bucktown/Logan Square
1550 E Lincoln HWY – Merrillville, IN Nando’s Peri Peri – Naperville, IL Downtown Naperville Retail Pub Royale – Wicker Park
Checkers Drive-In Restaurant (#7) – Chicago, IL American Mattress – Wheaton, IL 215 S. Washington Ave., Naperville, IL Potbelly Sandwich Works | American Mattress – Matteson, IL
Citibank | Park Ridge, IL Target Outlot – Plainfield, IL Target Outlot – Glendale Heights 3000 W Fullerton – Logan Square
BMO Harris Bank & Chipotle | Downers Grove Sleep Number – Algonquin Galleria T-Mobile Corporate Store – Lansing, IL AT&T | Heartland Dental – Round Lake Beach, IL

Making Your Vision A Reality

Our Team

Vequity is comprised of Performance, Leadership, Execution, Integrity, Experience, Ability, Teamwork, Risk Mitigation, and Reliability

Christopher Ilekis
Experience 12 years
Education Bradley University – BA, Advertising / Communications
Areas of
Real Estate Investment & Development
contact c.ilekis@vequity.com

Christopher Ilekis


Chris Ilekis is a Principal in Vequity’s Chicago office. Chris has concentrated in retail real estate transactions since 2003, and has extensive experience in retail real estate site selection and development services.

Utilizing knowledge and experience in all aspects of the industry including development, design, finance, construction, and legal, Chris has represented over 350 lease and sale transactions for national and local clients. Chris has expertise in representing retailers and landlords, understanding the perspectives and demands of both parties.  Chris assists national retailers to achieve their growth requirements by applying his substantial knowledge in the site selection  process for multi-unit expansion.

Chris specializes in developing value added retail opportunities for national retailers including new construction build-to-suit (single/ multi-tenant), infill redevelopment, and existing shopping center and building renovation. Over the past two years, Chris has developed numerous retail projects valued at approximately $40 million.

Prior to joining Vequity in 2010, Chris was a Partner in SRS Real Estate Partners Chicago office since 2008. Before SRS, Chris was in the Retail Brokerage Division of Oakbrook-based NAI Hiffman for five years.

Socialize With Vequity


Luxury Apartments: Free Rent & Rooftop Bocce Ball


The Western, a six-story, 44-unit building next to the CTA Blue Line Western L station at 1920 N. Western, opened over the summer along the border of Bucktown and Logan Square.

“We have many of the amenities of the larger luxury buildings throughout the city but on a smaller scale,” said The Western’s developer, Chris Ilekis with Vequity.

The building offers one- and two-bedroom units with rents starting around $1,900 and $2,900, respectively.

Click here to read the full article



NYC’s Quality Eats steakhouse headed to Fulton Market


The intersection of Morgan Street and Fulton Market is home to The Aviary and Next (southeast corner), La Sirena Clandestina (northeast corner) and Swift & Sons and Cold Storage (northwest corner).

We’ve wondered what might appear in the vacant southwest corner of the intersection. Now we know.

Click here to read the full article



Vequity breaks ground on 93,072 SF project in Downers Grove, IL


Vequity along side The Village of Downers Grove Mayor. Board of Trustees, and the Village of Downers Grove Economic Development tream recently broke ground on a high profile shopping center at the corner of Main and Ogden Avenue in Downers Grove, IL.

The shopping center features three (3) retail strip centers with national tenancy.




Megamall Demolition Complete in Logan Square

Megamall Demolition is complete, making room for a $100 million mixed-used development located at 2500 N. Milwaukee Avenue.  Check out the DNA article for more information regarding the demolition.

Vequity has a great retail/restaurant property available to lease near the 2.7 acre redevelopment.  View the listing by clicking here.


Starbucks To Anchor New Apartments Next to CTA Blue Line Western Stop

Vequity’s new apartment complex located at 1920 N. Milwaukee “The Western 1920” has begun preleasing for Summer 2017 move-ins.  The apartment building will be anchored by a 2,500 SF Starbucks Coffee.  Check out the DNA article for more information regarding the new Bucktown/Logan Square apartment.




The Western 1920 Website is Live



Vequity Construction is Hiring!

Vequity Construction is hiring for a project manager and a superintendent.  Please reach out to info@vequity.com for more information about opportunities with Vequity.



Vequity Affiliated Entity Sells Chipotle & BMO Harris Retail Center

Vequity affiliated entity sells a 5,305 SF two tenant Chipotle Mexican Grill & a BMO Harris Bank.  The building was located at a signalized entrance adjacent to Starbucks and across from Jewel-Osco and Chase Bank



Vequity Affiliated Entity Sells 7-Eleven in San Antonio

Vequity affiliated entity sells a 5,000 SF single tenant 7-Eleven (S&P AA Investment Grade: Stable). The subject property is located in San Antonio, the 25th largest metropolitan area in the United States.



Vequity Affiliated Entity Sells Single Tenant Sleep Number

Vequity affiliated entity sells a 4,000 SF single tenant Sleep Number (NASDAQ: SCSS) fronting Algonquin Galleria. The subject property is located at the entrance to Algonquin Commons Lifestyle Shopping Center with over 579,000 SF of upscale shopping and restaurants.



Vequity Affiliated Entity Sells T-Mobile (NASDAQ: TMUS)

Vequity affiliated entity sells a 2,952 SF single tenant T-Mobile in Chicago suburb. The building was newly renovated  by Vequity Construction.



Coming Soon to Logan Square

6,000 SF of high-end retail and a 44-Unit Mixed Use Apartment Building. Check out the home of the future site.


Vequity is Hiring for a Client Services Coordinator

Join Vequity’s growing team! Please send any job related inquires to info@vequity.com

Client Services Coordinator_Job Summary



Construction Begins on TOD Mixed-Use Building at 1920 N. Milwaukee Avenue

Construction at 1920 N. Milwaukee Avenue kicked-off this week. The 7-story building with 44-luxury apartment units and +/- 6,000 SF of high profile retail shop space is just steps off the CTA Western Avenue Blue Line. The project is expected to be delivered mid-2017.



Vequity Affiliated Entity Sells Citibank (NYSE:C)

Vequity affiliated entity sells a 3,836 SF single tenant Citibank in affluent Chicago Suburb.



Vequity Participates in CICS Bucktown School’s Career Day

Chris Ilekis, a Principal at Vequity, participated  in Chicago International Charter School Bucktown’s 2016 Career Fair Day on April 8th.  Ilekis spoke with K-8th graders at CCIS Bucktown about what Vequity does and encouraged students to follow their dreams.

For more details check out CICS Bucktown’s Facebook page https://www.facebook.com/cicsbucktown/?fref=nf 



Vequity Recruits Interns at Bradley University

Vequity recently visited Bradley University in Peoria, IL to recruit  students for our Commercial Real Estate and Construction Management Internships.  Please reach out to info@vequity.com if you are interested.



Vequity Acquires Former Applebees in Matteson, IL

Vequity recently acquired the former Applebee’s restaurant located at 400 Town Center Drive in Matteson IL and plans to redevelop the property for Potbelly’s Sandwich Works and American Mattress.



Vequity Affiliated Entity Sells Two Tenant Retail Center

Vequity affiliated entity sells a 6,000 SF Mattress Firm and MetroPCS retail center located in Calumet City, IL



Vequity Affiliated Entity Sells Former Applebees in Round Lake Beach

Vequity affiliated entity sells a 5,000 SF retail building located in Round Lake Beach, IL



1920 Milwaukee Ave | New Mixed-Use Development | Bucktown



Want To Live Above Glazed & Infused Donuts?

Developers seek zoning change to fix two apartments above the Glazed & Infused doughnut shop located at 939 W. Armitage Ave.

To read more on this story, please go to www.dnainfo.com 


Logan Square Neighborhood Guide

Boasting gorgeous boulevards and a constantly expanding selection of restaurants and bars, Logan Square is one of the city’s trendiest neighborhoods, balancing family-friendly amenities with a thriving nightlife.

To read more on this story, please go to www.timeout.com 



Developers Rush to Get Projects OK’d

CITY HALL —  Developers who want to build residential projects across the city have flooded City Hall in recent weeks to beat a deadline that would force them to set aside units for low-income Chicagoans or pay a hefty fee.

To read more on this story, please go to www.dnainfo.com



Thanking Heaven for 7-Elevens

“With an AA- credit rating and zero land responsibilities, single-tenant 7-Eleven stores will continue to be one of the most highly sought-after retail investments in today’s market,” according to Jeremy McChesney SVP of Hanley Investment Group.

To read more on this story, please go to www.globest.com 

Click here to get more information on Vequity’s 7-Eleven in San Antonio, TX.


BUCKTOWN- Proposed 50-Unit Complex Can ‘Re-Establish’ Blighted Corner

A plan to bring a 50-unit transit-oriented apartment building to a blighted patch of Bucktown next to the CTA Blue Line Western stop got a warm reception from members of a neighborhood group’s development committee on Saturday. 

For more information check out the story on DNAinfo.com



Vequity Attends the Annual Downers Grove Economic Development Luncheon



Vequity is Hiring for a Project Manager/ Construction Assistant

Please send any job related inquires to info@vequity.com

Vequity Property Manager Job Summary



Vequity is Hiring for an Accounting Position

Please send any job related inquires to info@vequity.com

Vequity Accounting Job Summary



Why Chicago Needs More Transit-Oriented Developments

A new analysis from Yonah Freemark at the Metropolitan Planning Council shows that, in order for Chicago to keep growing and stay healthy, it needs to focus on growth near transit hubs.




New English Pub Opens Thursday in Wicker Park

Pub Royal, a new experiment in public house refinement opens Thursday in the old Small Bar building located at 2049 W Division St.






Vequity Celebrates 5 Years in Business



Follow Vequity on Social Media



Vequity Affiliated Entity Donates Toward Construction of Schultz Memorial

Merrillville | Vequity Stonebridge Merrillville LLC donated $5,000 towards the construction of the Schultz Memorial during a recent Town Council Meeting which the council then matched.

Vequity is the developer behind a project to bring a new Ashley Furniture near the U.S. 30 and Mississippi Street intersection.



Downtown Naperville Creative Office Space

+/- 2,500 SF 2nd Floor Office Space for lease in Downtown Naperville.  Building is surrounded by National Retailers: Lululemon, Noodle’s, Starbuck’s, Jimmy John’s, Potbelly & Subway.



Vequity is Hiring for a Construction / Project Manager

Please send any job related inquires to info@vequity.com

Vequity Construction Project Manager_Job Summary 



Vequity Affiliated Entity Sells 6 Acre Property

Vequity affiliated entity sells six acre property located at 1550 E. Lincoln Hwy in Merrillville, IN on December 18, 2014.  The development is located in the heart of a major retail trade area and across from Southlake Mall, the only enclosed super regional mall in Northwest Indiana.



Vequity Acquires Prime Retail Property in Downers Grove

Vequity affiliated entity acquires prime retail  property in Downers Grove by North High School next to Starbucks and across from Jewel- Osco.


Vequity Affiliate Purchases New Building

Vequity affiliated entity purchase three-story building at 2049 W. Division St., which was formally home to Wicker Park’s beloved beer-focused SmallBar.




New Acquisition!

Vequity acquires rare building in thriving downtown Naperville.  Naperville, IL is ranked as of the “Best Places to Live” in the U.S.



Acquisition Update:

Vequity affiliated entities recently closed on the following Chicago properties; 939 W Artmitage, 2450 N Milwaukee, and 1924 N Milwaukee.



Vequity hires Max Odom



Vequity launches new website

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Vequity preferred developer for Checkers Drive In Restaurants in Chicago



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Check our listings on Loopnet.com


We Look Forward To Hearing From You


Vequity is constantly growing and is interested in hearing about new client inquiries, potential real estate acquisition and investment opportunities, potential job inquires, and your questions or comments.


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