Chicago -- Pine Tree Commercial Realty has acquired Poplar-Prairie Stone Crossing, a class-A power shopping center located in the Northwest Chicago suburb of Hoffman Estates, Illinois. The recent acquisition is Pine Tree’s 70th and brings the company’s current portfolio to 3.4 million sq. ft. in 19 separate properties.
The 312,000-sq.-ft. shopping center is shadow-anchored by Target and features TJ Maxx, Michaels, Ross Dress for Less, PetSmart, Lane Bryant, and Sports Authority.
Pine Tree has also sold Onalaska Marketplace in Onalaska, Wisconsin. Brokered by Mid-America Real Estate Corporation, the 25,962-sq.-ft. community shopping center, fully leased since its development by Pine Tree in 2002, was purchased by a private investor. Onalaska Marketplace is shadow-anchored by Wal-Mart Supercenter, Home Depot, Toys “R” Us, and features Dollar Tree, Great Clips, and Cold Stone Creamery.