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LIBERTYVILLE, IL-Oak Brook-based Inland Real Estate Corp. formed a joint venture with PGGM to purchase Red Top Plaza, a Jewel-anchored, 151,840-square-foot shopping center at 1300-1406 S. Milwaukee Ave. in north suburban Libertyville. The REIT paid nearly $20 million or about $130 per square foot for the property.

The retail center was sold by Cornerstone Real Estate Advisers, an affiliate of Massachusetts Mutual Life Insurance Co. The property is 83% occupied with tenants such as Jewel-Osco, Subway, Tuesday Morning and Fifth Third Bank.For the full story, go to Crain’s Chicago Business.


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