HOFFMAN ESTATES, IL-The Sterling Organization, an investment firm based in Palm Beach, Florida, has acquired Hoffman Plaza for a price of $14.2 million. Hoffman Plaza, a shopping center spanning 168,000 square feet, is situated at 1001-1175 N. Roselle Road in northwest suburban Hoffman Estates. A Jewel-Osco store is the anchor tenant of the retail center built in 1972. The leasing rate of the property is 95%.
Hoffman Plaza was the second Chicago property acquired by the Sterling Organization. For the full story, go to Crain's Chicago Business .
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