Joint Venture Purchases Burbank Station

Burbank, Ill. — The center was acquired for $34 million.

Burbank, Ill.  — A joint venture between Abbell Associates and Hutensky Capital Partners has acquired Burbank Station, a 303,566-square-foot shopping center in Burbank, for $34 million. The center is anchored by Food 4 Less, Babies R Us, HomeGoods, PetSmart, OfficeMax, The Sports Authority and Sam Ash Music. The center is located in a densely populated south suburb of Chicago where the average household income within a three-mile radius is $61,500. Mid-America of Oakbrook Terrace, Ill., represented the seller in the transaction.