Elgin, Ill. – Oak Brook, Ill.- based Inland Real Estate Acquisitions has announced the acquisition of South Elgin Commons, a 128,000-sq.-ft. shopping center in Elgin, Ill., for approximately $25 million.
The property was 100% leased at closing and is anchored by Ross Dress for Less, Toys “R” Us and LA Fitness.
Also included in the purchase is an undeveloped pad next to Ross Dress for Less that could add an additional 11,000 sq. ft. of retail to the center. The property is shadow-anchored by Super Target and Home Depot, which were not acquired.