CHICAGO-Denver-based Baceline Investments LLC has bought abank-owned shopping center situated at Milwaukee Avenue and StateRoute 22 in north suburban Lincolnshire for $12 million. The firmhas purchased the Village Green center, a retail and office complexmeasuring 121,000 square feet.
Since Chicago-based Special Assets Acquisitions LLC could notmanage its mortgage payments on the complex, the property wasforeclosed. Jeff Baasch from Sperry Van Ness' Chicago officenegotiated the deal on behalf of the buyer. For the fullstory, go to Crain's Chicago Business.
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