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CHICAGO-A local investor has sold two shopping centers to an independent investment group for nearly $6 million. Inland Real Estate Brokerage Inc. arranged the sale of the centers, which totaled around 27,000 square feet and are located in the Logan Square and West Rogers Park neighborhoods.

The seller of the properties was represented by Richard Kehoe, SVP with Inland Real Estate’s Oak Brook, IL office.

“Both centers are high traffic and serve densely populated neighborhoods with high barriers to entry,” Kehoe says. “The shopping centers benefit from corner locations and have a strong tenant mix that is well-positioned in the current economy. They offer mostly value or necessity-based goods and services, and customers purchase items at these retailers two, three times a week.”

The larger of the two shopping centers, Wisner Milwaukee Plaza is at 2847-2865 N. Milwaukee Ave. in the Logan Square neighborhood. It offers nearly 15,000 square feet of retail, with tenants including Harris Bank, T-Mobile, Giordano’s and Subway.

Meanwhile, the Howard and Western Plaza offers 12,000 square feet at the southeast corner of Western Avenue and Howard Street in West Rogers Park. Tenants include Starbucks, Family Dollar and Subway.

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