American Realty Advisors Completes Acquisition of South Loop Marketplace in Chicago, Illinois.GLENDALE, Calif. -- American Realty Advisors announced today that it has completed its acquisition of South Loop Marketplace, a 102,266 square foot Class-A grocery-anchored shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into located in the heart of Chicago, Illinois. The acquisition was completed through a joint venture with Tucker Development Corporation ("TDC TDC Top Dead Center TDC Time-to-Digital Converter TDC Tabular Data Control TDC Total Development Cost TDC Texas Department of Corrections TDC The Discovery Channel TDC Torpedo Data Computer TDC Theater Deployable Communications "), one of Chicago's most respected specialists in shopping center and mixed-used development. TDC will act as the "day-to-day" operator and will provide management and leasing at the property. Prominently situated in the center of the South Loop/Roosevelt Road Corridor trade area, the two-building shopping center enjoys convenient access to Interstate 90/94 and is located just south of the Interstate 290, in close proximity to both downtown Chicago and the Greater Lake Michigan area. Built in 1998, the 100% occupied center is anchored by a Dominick's Food Store, a wholly-owned subsidiary of Safeway, and includes other high-profile tenants such as Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. , FedEx, Kinko's, Subway, RadioShack, Game Stop, and Domino's Pizza For Domino's Pizza in Australia, New Zealand, France, Belgium, the Netherlands and the Principality of Monaco, see . Domino's Pizza, LLC (NYSE: DPZ) (LSE: DOM) is an international pizza delivery corporation headquartered just outside Ann Arbor, Michigan, United . The Roosevelt Road Roosevelt Road, (sometimes called 12th Street because of the original street name), is a major east-west thoroughfare in the city of Chicago, Illinois, and its western suburbs. It is 1200 South in the city's street numbering system, but only one mile south of Madison Street. Corridor trade area has gained recent prominence and desirability among retailers due to rapid population growth and housing demand for the surrounding residential neighborhoods. Existing and planned residential communities in both the West and South Loop neighborhoods, which include Roosevelt Square, University Village, and Riverside Park Riverside Park refers to several locations:
Stanley L. Iezman, American's President and Chief Executive Officer, commented, "South Loop's ideal location and high-quality tenant roster signifies the type of `core' investment that American offers to our investors. We are excited about the Property's developmental potential and our opportunity to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the emerging South Loop retail market." American Realty Advisors is a leading provider of institutional real estate investment management services including acquisition, disposition, development, structured finance, and active asset management. With $2.3 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , American has created customized investment strategies for public employee and corporate pension funds, endowments, foundations, and Taft-Hartley funds for over 15 years. The firm's nationwide portfolios include office, industrial, multi-family, and retail properties. Information regarding American can be found online at www.americanreal.com. |
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