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CHICAGO-JRG Capital Partners continues moving forward on its investment plan, with its most recent buy involving two parking lots totaling 55,992 square feet. The local investor, which bought the acreage from the YMCA, is holding the land for the time being, but options for development are starting to be kicked around.

“Our current plan is to hold the asset and to continue operating it as parking lots,” explains Cheri Grossman, JRG’s senior acquisitions officer. “What we like about the site is it has so many potential development opportunities. It could end up holding apartments, student housing; it could be office or retail – or a combination.”

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