BENSENVILLE, IL-A joint venture led by Cincinnati-based Phillips Edison-ARC Shopping Center REIT Inc. has purchased Brentwood Commons, a shopping center measuring 125,550 square feet at 1145 S. York Road in west suburban Bensenville, for $14.9 million. A venture of Jacksonville, Florida-based shopping center REIT Regency Centers Corp. was the seller.
The retail center, anchored by a Dominick’s grocery store, is 99% leased. Regency bought the center in 2005 for $19.9 million. For the full story, go to Crain’s Chicago Business .
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