BARNETT CAPITAL SELLS THE SHOPPES AT PRIME VILLAGE
SCHAUMBURG, ILL. — CBRE has arranged the $7.3 million sale of The Shoppes at Prime Village, a 38,313-square-foot retail center in suburban Chicago. Barnett Capital sold the property, which is located at 1410-1444 Algonquin Road in Schaumburg, to St. Louis-based Integris Ventures. Barnett Capital originally purchased the loan on the property from TCF Bank and brought the property through foreclosure. CBRE was hired to both lease and manage the building for Barnett after the loan purchase. The CBRE team of Karen Pence-Hollan and Gavin Smith oversaw the management of the center, and Lynn Brackett and Marissa Roussel handled the leasing. The group brought The Shoppes at Prime Village to 100 percent capacity at the time of sale. Aldi anchors the center, which includes 322 parking spaces.