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Last Updated ( Thursday, 11 July 2013 15:06 )
DATE_FORMAT_LC2=Thursday,July 11 2013 12:00:00 am EDT   
Ramco-Gershenson Buys Mount Prospect Plaza for $36.1 Million

MountProspectPlazaMount Prospect, Ill. — A pension fund advised by JP Morgan Asset Management Inc. has sold the 301,045-square-foot Mount Prospect Plaza in Mount Prospect, a northwestern suburb of Chicago. Ramco-Gershenson Properties Trust purchased the property for $36.1 million. The center is anchored by Marshalls, Ross Dress for Less, LA Fitness, Aldi, Petco and Walgreens. Additional tenants include Dressbarn, Famous Footwear, Chase Bank and Charter One Bank, as well as a Walmart Supercenter shadow anchor. Ben Wineman and Stan Nitzberg of Mid-America Real Estate Corp. represented the seller in the transaction. The buyer was self-represented.

 

 

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