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AmCap Adds Fifth Grocery-Anchored Center to Chicago-Area Portfolio
Stamford, CT-based private equity firm AmCap Inc. acquired Liberty Square, a 107,431-square-foot, high volume grocery-anchored, shopping center in the Lake County suburb of Wauconda, IL, for an undisclosed sum. The addition of Liberty Square brings AmCap’s Chicago-area presence to five grocery-anchored centers.
A 54,522-square-foot Jewel-Osco anchors the center, which is also home to several complementary businesses and restaurants. These include the U.S. Postal Service, Charter Fitness, KFC, Subway, Pet Supplies Plus and PNC Bank.
“Liberty Square continues AmCap’s mission of acquiring well-located properties with tenants that are essential businesses that serve daily needs, are internet resistant and are established members of their respective communities,” said president and CIO Jake Bisenius. “Solid economic and demographic trends in the Chicago submarkets are supporting retail sales growth.”
AmCap’s Chicago-area portfolio also includes Norridge Commons in Norridge, Mallard Crossing in Elk Grove Village, NorthPoint Center in Arlington Heights and Hoffman Plaza in Hoffman Estates.
Photo credit: Broad Reach Retail.
- ◦Sale/Acquisition
