Ramco-Gershenson Buys Mount Prospect Plaza for $36.1 Million

by Nate Hunter

Mount Prospect, Ill. — The 301,045-square-foot center includes anchors Marshalls, LA Fitness, Petco and Walgreens.

Mount Prospect, Ill. — A pension fund advised by JP Morgan Asset Management Inc. has sold the 301,045-square-foot Mount Prospect Plaza in Mount Prospect, a northwestern suburb of Chicago. Ramco-Gershenson Properties Trust purchased the property for $36.1 million. The center is anchored by Marshalls, Ross Dress for Less, LA Fitness, Aldi, Petco and Walgreens. Additional tenants include Dressbarn, Famous Footwear, Chase Bank and Charter One Bank, as well as a Walmart Supercenter shadow anchor. Ben Wineman and Stan Nitzberg of Mid-America Real Estate Corp. represented the seller in the transaction. The buyer was self-represented.


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