La Grange Crossing Sold, New Businesses Coming to Ex-Borders
The shopping center went for $21.1 million as several new tenants prepare to occupy the newly divided former Borders bookstore.
A pension fund advised by RREEF Real Estate has spent $21.1 million to purchase the La Grange Crossing shopping center—including the former Borders—in downtown La Grange, Crain’s Chicago Business reports. According to Crain’s, the shopping center, which includes businesses between Ogden and Hillgrove avenues on both sides of La Grange Road like Trader Joe's and Walgreens, suffered a blow when Borders closed in September of 2011—but former owners Edwards Realty, who bought the property for $16.3 million in July 2010, recouped by divvying up the former bookstore into multiple suites. The Doings La Grange reports that in place of a single tenant to take over the former Borders, multiple leases have been signed—including for Massage Envy, …
In this Article:
peggyadducci
8:42 pm on Saturday, January 19, 2013
oh good another frozen yogurt place to choose from. That means there will be another store front available soon when the other two go out of business more ›