Sold: Mount Prospect Plaza in suburban Chicago

Oakbrook Terrace, Ill. -- Mid-America Real Estate Corp.’s investment sales group has brokered the sale of the 301,045-sq.-ft. Mount Prospect Plaza in Mount Prospect, Ill., a northwestern suburb of Chicago.

Ramco-Gershenson Properties Trust purchased the property for $36.1 million from a pension fund advised by JP Morgan Asset Management Inc.

Marshalls, Ross Dress for Less, L.A. Fitness, Aldi, Petco and Walgreens anchor the center, which is located in a dense infill area. Shadow anchors include a Wal-Mart Supercenter.

 

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