Aerial view of Pinewood Crossing shopping center in Gurnee, Illinois
Strata US — Midwest Division

Construyendo
Valor, now
in the Midwest

Eleven years of tailor-made commercial and industrial development across Latin America — now building a Chicagoland platform, anchored by our acquisition of Pinewood Crossing in Gurnee, IL.

Firm
Strata US / Strata REI LLC
Founded
2014, Bogotá
Market
Chicagoland
Flagship asset
Pinewood Crossing, Gurnee IL
Partner
Augusto Hurtado
Scroll
T-02 What we're acquiring

The Midwest buy box

Strata US is actively acquiring in the Chicago suburbs. If you're a broker or owner with an asset that fits below, send it over — we underwrite quickly and respond within two business days.

Buy below replacement cost. Lease to essential services. Refinance on stabilized income.

01 · Asset

Strip retail & light industrial

Size
20,000 – 90,000 SF
Price
$2M – $8M
Occupancy
40 – 90% leased at close — vacancy we can fix
Condition
Value-add: deferred maintenance, dark bays, below-market rents
02 · Market

Chicago suburbs

Counties
Lake, DuPage, Kane and suburban Cook
Corridors
I-94, I-88, I-90 — 30 to 60 minutes from O'Hare
Trade area
Established neighborhood with daily-needs traffic; regional draw a plus
03 · Tenancy

Essential services

Prefer
Medical, dental & orthodontic, veterinary, fitness, quick-service dining, neighborhood services
Why
Appointment-driven, recession-resistant, heavy tenant buildout — long leases, low turnover
Leases
New leases written NNN
04 · Structure

Sponsor co-invest

Equity
Sponsor co-invests alongside capital partners
Debt
Regional lenders; refinance on stabilized NOI
Entity
Operated through Strata REI LLC
Speed
Off-market and lightly marketed deals welcome; quick, honest feedback
Recent fit: Pinewood Crossing — 31,800 SF · 87% leased at close · Lake County · I-94
T-01 Trajectory

Eleven years of building, block by block

Since 2014, the Strata platform has developed and acquired build-to-suit and value-add commercial real estate across two countries — the foundation the Midwest expansion is built on.

11
Years of track record
$70M+
Assets developed
540K+
Square feet built
95+
Real estate units
23+
Commercial tenants
2
Countries of operation
G-01 Flagship U.S. Asset

Pinewood Crossing, Gurnee IL

A 31,800 SF strip retail center in Lake County's Gurnee Mills corridor — acquired below replacement cost, taken from 87% to 100% leased, and re-appraised $1.85M higher since acquisition.

Aerial view of the Golden Corral and Pinewood Crossing strip center in Gurnee, Illinois
1455–1475 N Dilleys Rd · Strip Retail · 2.96 acres

Anchored by Golden Corral & Prairie Orthodontics

Thirty minutes from O'Hare, directly off I-94, next to Gurnee Mills and Six Flags Great America. Repositioned and fully leased by the Strata US team.

100%
Leased
+37%
NOI growth
+$1.85M
Valuation gain
Full case study
G-00 Where We Operate

Two countries, one platform

Strata's development experience across Colombia funds the underwriting discipline now being applied to Chicagoland acquisitions.

United States

2 states — active expansion

The U.S. platform is anchored in the Chicago suburbs, with an initial foothold in South Florida. Pinewood Crossing in Gurnee, IL is the flagship acquisition leading the Midwest push.

ILLINOIS — Gurnee (Lake County)
FLORIDA — Miami-Dade County

Colombia

10 states — established track record

Eleven years of build-to-suit and value-add development for national retail, health, education and recreation tenants across Colombia's major metros.

Bogotá · Cali · Bucaramanga
and 8 additional states
P-01 From the Portfolio

The track record behind the expansion

Build-to-suit and value-add assets developed and stabilized by the Strata team, fully leased to national and regional brands.

Sanitas Health Center building in Bucaramanga, Colombia
Health / Single Tenant

Sanitas Health Center

Bucaramanga, Santander
Built area 44,422 SF
Floors 7
Year built 2022
Occupancy 100%
University building for Universidad Piloto in Bogotá, Colombia
Education / Single Tenant

University Building

Bogotá, Cundinamarca
Built area 21,097 SF
Floors 10
Year built 2017
Occupancy 100%
Strip mall retail center in Cali, Colombia
Retail / 3 Tenants

Strip Mall

Cali, Valle del Cauca
Built area 7,879 SF
Floors 2
Year built 2022
Occupancy 100%
9 featured assets · Illinois, Florida, Colombia View the full portfolio

Working on a Chicagoland acquisition?

We partner with capital providers, brokers and owners on value-add strip retail and industrial assets across the Chicago suburbs. Tell us what you're working on.