MELROSE PARK, IL-A joint venture between Newgard Development LLC and Origin Capital Partners LLC has purchased the Food 4 Less Plaza less than its loan from MB Financial Bank.
The joint venture has paid $11 million for the shopping center located at 2501-2541 W. North Avenue in west suburban Melrose Park. The bank filed a $16.7 million foreclosure lawsuit in July 2009 for its $18.8 million construction loan for the shopping center.For the full story, go to Crain's Chicago Business.
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