ALLIANCE EQUITIES ACQUIRES $22.5 MILLION RETAIL CENTER

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ALGONQUIN, ILL. — Deerfield, Ill.-based Alliance Equities LLC, in a joint venture with Orange County, Calif.-based Nelson Brothers, has acquired the 83,441-square-foot Algonquin Galleria retail center, which is located at 1515 Randall Rd. in Algonquin. Mid-America Development Partners has sold the property for $22.5 million. The center is anchored by Best Buy and La-Z-Boy, and is shadow-anchored by Dania and Ethan Allen.

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