Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Chicago  + Retail  |  October 10, 2023
Jasmine Kilman
By: Jasmine Kilman

Time Equities Acquires Burbank Plaza Shopping Center

Time Equities Inc. has acquired the suburban shopping center Burbank Plaza located at 8014–8050 S. Cicero Avenue from a private investor. The real estate company closed on a deal to purchase the 28,000-square-foot for $3.1 million, making it the tenth property in the firm’s Illinois portfolio, reported the Chicago Business Journal.

Time Equities was represented internally by Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith. CBRE’s Adam Foret represented the seller.

The center sees traffic of nearly 73,000 vehicles per day due and is located just three miles from the Chicago Midway International Airport. Burbank Plaza is 91% occupied, anchored by Family Dollar, and is adjacent to a Jewel-Osco store. Time Equities has a growing presence in the Chicago market, including 1000M, a 73-story luxury residential tower located on Michigan Avenue at Grant Park.

Read More News Stories About: CBRE
Connect

Inside The Story

Time EquitiesCBRE

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
Order Reprints
New call-to-action
New call-to-action