chi-ross (2) Ross Dress for Less has seemed impervious to online competition, making it a popular choice for landlords.

CHICAGO –Competition from Amazon and other e-commerce firms may have hit traditional retailers hard, but many investors still believe traditional shopping centers can thrive with the right mix of tenants. Newport Capital Partners Fund II has just bought from Inventrust the historic Lincoln Village Shopping Center at Lincoln Ave. and McCormick Blvd. on the city’s North Side for $30.45 million, and plans to bring in a group of tenants that e-commerce can’t harm.

Tenants currently occupy about 65% of the 164,000-square-foot center, and a 24,000-square-foot space rented by Office Depot will soon open up. But the upscale demographics of the surrounding area gives Newport officials a good reason for optimism.

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