Continental Realty's Opportunistic Retail Investment Fund is living up to its name—the fund has made its fifth retail acquisition, acquiring a Chicago-area portfolio of five shopping centers encompassing more than 900K SF for $93.6M from DiMucci Companies.
The grocery-anchored, necessity-based properties, located in Cicero, Mount Prospect, Naperville and Palatine, are the first Chicago-area acquisitions for Baltimore-based Continental.
Chicago-based Tucker Development acted as an acquisition and development consultant on the transaction.
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