Grosvenor has acquired Rice Lake Square, a 250,000-square-foot Whole Foods-anchored shopping center in Wheaton, Ill.
The property, originally developed in 1989, is located about 25 miles west of Chicago near the intersection of I-88 and I-355.
The property was approximately 95 percent leased at the time of sale to a variety of tenants, including Linens ‘n’ Things, Borders Books and Music, Stein Mart, Panera Bread, and several restaurants, in addition to the Whole Foods grocery.
Bob Mahoney of CBRE represented the seller, Kennedy Associates, in the acquisition. Chicago-based Mid-America will lease and manage the center for the new ownership.
Grosvenor is a privately owned property development and investment group.
Send a comment or news tip to our newsroom.
Please include the headline of the story.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!