Chicago — Barnett Capital has sold The Shoppes at Prime Village in Schaumburg, Ill., to Integris Ventures for approximately $7.25 million, according to CBRE, which represented Barnett in the transaction.
The acquisition is the first for Integris Ventures in the Chicago area.
Built in 2008, the 38,313-sq.-ft. center is anchored by Aldi. Other tenants include Chicago Prime Steakhouse and Culvers.
Barnett Capital originally purchased the loan on the property from TCF Bank and brought the property out of foreclosure. CBRE came on board to lease and manage the center for Barnett after the loan purchase. At the time of the sale, the center was 100% occupied.