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Homewood, Ill. — A joint venture between Besyata Investment Group and ALTO Real Estate Funds has acquired Washington Park Plaza, a 235,000-square-foot shopping center located in the Chicago suburb of Homewood, for $32 million.
Washington Park Plaza was 95 percent leased at the time of sale to tenants including Ross Dress for Less, TJ Maxx, Best Buy, Jo-Ann Fabric, Petco, Famous Footwear, Dressbarn, Lane Bryant, AT&T, Great Clips, Chili’s, FedEx Office and Starbucks Coffee. Mid-America Asset Management will oversee the day-to-day property management and leasing of the center.