CHICAGO, IL – Baltimore-based real estate investment and management company Continental Realty Corp. has acquired a portfolio of five shopping centers located throughout the Chicago market for $93.6 million.
The more than 900,000-square-foot portfolio, which was purchased from DiMucci Cos., represents CRC's entrance into the Chicago real estate market.
The portfolio was acquired on behalf of Continental Realty Opportunistic Retail Investment Fund I, a private equity fund that launched in 2021 to acquire value-add and income-producing retail properties in targeted US submarkets. The transaction marks the fund's fifth retail acquisition.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
