Gurnee Town Centre changes hands in Illinois

Inland Western gains nearly 180,000 square feet

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Inland Western Retail Real Estate Trust purchased Gurnee Town Centre, a 179,730-square-foot shopping center in Gurnee, Ill.  The shopping center, bought for approximately $44.3 million, is anchored by Linens n' Things, Old Navy, Borders, Cost Plus and Pier 1. The 2-year-old Gurnee Town Centre, sold by Rubloff Gurnee Town Centre LLC, is located at 7105 Grand Ave. This is the second Chicago-area property for Inland Western, which purchased the Darien Towne Center earlier this year. Oak Brook, Ill.-based Inland Western is part of The Inland Real Estate Group of Cos. Inc., a real estate investment conglomerate. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....