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ARLINGTON HEIGHTS, ILL. — A shopping center at 115 Rand Rd. in Arlington Heights has sold to an institutional buyer from New York for $2.2 million. Tenants at the center include Caribou Coffee, Smashburger and Jersey Mike's Subs. Chad Firsel of Quantum Real Estate Advisors represented the seller, a private individual based in Oak Brook, Ill., in the transaction. He also represented the buyer.