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Tabani Group Buys 480,759-SF Foreclosed Mall

DANVILLE, IL-The Dallas-based firm bought the retail property in an all-cash deal from LNR Partners Inc.

By Jennifer Duell Popovec | Updated on May 18, 2011

DANVILLE, IL-Tabani Group has made its fifth acquisition this year, buying Village Mall, a 480,759-square-foot regional mall located in this tertiary market in the southern part of the state.

The Dallas-based investor bought the retail property out of foreclosure from LNR Partners Inc., closing the transaction in an all-cash deal. The purchase price was not disclosed. HFF managing directors Jaime Fink and Jeff Bramson marketed the property on behalf of the seller.

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