A pension fund advisor recently sold a grocery-anchored shopping center in Glen Ellyn, Ill., to a joint venture for an undisclosed price.

Ramco-Gershenson Properties Trust purchased Market Plaza, an asset comprising 162,705 square feet, in a joint venture with an unidentified entity.

Market Plaza is situated on a 12.7-acre site at 525 Roosevelt Road approximately 20 miles west of downtown Chicago.

At the time of sale, the property was occupied by tenants that included Panera Bread, Blockbuster, Dollar Tree, and Jewel-Osco, the latter of which has approximately 15 years left on its lease.


What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription