CHICAGO-Englewood, NJ-based Bon Aviv Investments has purchased the Century Shopping Centre, a Lakeview shopping center measuring 180,000 square feet at 2828 N. Clark St. The company bought the center from a partnership including principals of Clark Street Development of Chicago.
John Hancock, the lender, had held a mortgage of $20 million on the property. The seven-story building was constructed in the 1920s as a theater. According to Real Estate Alert, the buyer might change the space to other uses including medical offices. For the full story, go to Crain's Chicago Business.
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