Chicago

"Retail has always been an evolving property type and this center has just continued to keep up with the evolution."

“The building has a strong first-class presence that would support their mission and satisfy their membership that the organization is good steward of the organization's resources."

With this lease, that brings the total space occupied in the area to more than 500,000 square feet.

River Gables, located at 110 First Street East in downtown Chaska, MN, includes 104 residential units and more than 10,000 square feet of street-level retail.

The 10 department stores up for sale include three properties in Opportunity Zones.

The purchase by RREEF is meant to strengthen the REIT's holdings based on sector, geography and tenant base.

"The price-per-door may seem low for multifamily properties in Ravenswood because these buildings are prime value-add opportunities with all units needing to be updated,” says Kiser Group's Danny Logarakis.

The package comes after Baltimore County agreed last month to provide $78 million in funding for infrastructure work at the 3,250-acre property.