Midwest Real Estate Equities Inc. on Thursday announced the sale of a 66,000-square-foot shopping center condominium in its Landings of Lombard shopping center in Lombard, Ill.
The value of the transaction was not disclosed.
The buyer, Restaurant Depot, is a national wholesaler that sells food and supplies to restaurants and nonprofit food service providers. It purchased the condo as a means to "increase its asset value and build equity," according to a press statement.
Midwest Equities is in the process of redeveloping Landings of Lombard, a 204,000-square-foot, 23-acre center, formerly anchored by Menards. The center is located on North Avenue and Interstate 355.
Other tenants at Landings of Lombard include T-Mobile, Redwing Shoes, Ultimate Spa, and Jimmy Johns. According to the owner, there was 120,000 square feet remaining for purchase or lease at the time of the Restaurant Depot transaction.
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