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JONES LANG LASALLE ARRANGES $12.5 MILLION ACQUISITION LOAN

Posted on by in Midwest, Retail

CHICAGO — Steve Skok of Chicago-based Jones Lang LaSalle has secured $12.5 million in acquisition financing on behalf of Sandor Development. The financing allowed the company to complete the $22.5 million purchase of a 50,664-square-foot, Class A grocery store located at 225 East Grand Avenue in the Streeterville submarket of downtown Chicago. The store is fully leased long-term to Dominick’s and is part of CityFront Plaza, a mixed-use community that will total 1.6 million square feet at full build out.

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