Jul
10
Newport Nabs Chicago Retail Portfolio for $39M
ByThe two assets are Lincoln Village Shopping Center in Peterson Park and Kedzie Plaza in Brighton Park. Their acquisition adds 214,000 square feet of retail space to the company’s portfolio.
InvenTrust’s Lincoln Village and Learsi & Co.’s Kedzie Plaza became part of Newport Capital Partners Fund II through a portfolio transaction, which closed at $39.2 million.
“The City of Chicago continues to be a tremendous place to live, work, do business and invest. Both of these shopping centers are convenience-, necessity-based retail properties that have rich histories and are an important part of their respective neighborhoods,” said Ben Andrews, a director with Newport…
