A Chicago-based investment partnership has sold a Naperville shopping center for a price in excess of $52 million, according to Crain’s Chicago Business.
Northpond Partners sold Naperville Plaza, which is a 115,000-square-foot property which Crain’s said lies on the corner of Gartner Road and Washington Street, to Regency Centers, a Jacksonville, FL REIT.
Crain’s said Northpond Partners likely made out very well on the shopping center sales because Northpond bought the center during the COVID epidemic. Northpond bought the property for $36.5 million.
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