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.

The post Crain’s: Chicago’s Northpond Sells Naperville Shopping Center  appeared first on Connect CRE.

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