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CHICAGO-Interra Equities has paid about $4 million for nine city and suburban Shell gasoline stations, which the company plans to redevelop into fresh retail space. The package was sold by Equilon Enterprises, LLC, a Shell Oil Products US subsidiary, which will be selling more properties in 2004.

The highest price was $830,000 paid for a 32,600-sf site at 13458 S. Cicero Ave. in southwest suburban Crestwood. Property records indicate Interra Equities paid as little as $270,000 for a 12,320-sf site at 1600 S. Central Ave. in Cicero. However, information on 801 W. Dundee Rd. in Wheeling was not available.

Also in the southwest suburbs, a 26,980-sf site at 11500 S. Crawford Ave. in Alsip changed hands for $520,000, while a 17,193-sf location at 9701 S. Cicero Ave. in Oak Lawn went for $360,000. Further east, Equilon Enterprises parted with a 40,166-sf site at 17701 S. Torrence Ave. in Lansing for $475,000.

In the northwest suburbs, 2 E. Rand Rd. in Mount Prospect, a 22,050-sf site, sold for $430,000. In DuPage County, the price was $405,000 for a 22,500-sf site at 201 E. Lake St. in Bloomingdale.

The only city site was a 6,000-sf location at 3965 W. Grand Ave., which commanded $280,000.

Lynne Brackett and John Schoditsch of CB Richard Ellis represented Equilon Enterprises, which acquired most of the properties in 1998. Another member of the firm’s Oak Brook office, Brian Buckingham, represented Interra Equities, LLC, whose current projects include converting an East Chicago, IN bank robbed by John Dillinger into a Walgreens drug store.

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