Regions Midwest | Chicago
Elk Crossing Shopping Center Sold in Chicago Suburb
Aug 19, 2008

Mid-America Real Estate Corp.'s Investment Sales Group of Oakbrook Terrace, Ill., announced the sale of Elk Crossing, a 121,507-square-foot grocery-anchored shopping center in Elk Grove Village, a northwest suburb of Chicago. The buyer, Los Angeles-based Westwood Financial Corp., purchased the center from an affiliate of the General Electric Pension Trust, advised by GE Asset Management. Mid-America Principal Rick Drogosz represented both the seller and the buyer in the transaction. Elk Crossing is anchored by a recently remodeled Jewel-Osco and complemented by national and regional specialty retailers that include Panera Bread, Bath & Body Works, Citibank, RadioShack, and GNC. The center is located on the northwest corner of Biesterfield Road and Arlington Heights Road.

 
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