Oak Brook-based real estate firm buys Commerce Center in Downers Grove for $9.9 million
DOWNERS GROVE – Inland Real Estate Acquisitions, Inc. announced its purchase of the Commerce Center shopping strip in Downers Grove for about $9.9 million on Thursday.
The Commerce Center has 104,196 square feet and is leased to Toys “R” Us and Best Buy.
“The Butterfield Road retail corridor is one of the strongest in the western suburbs, anchored by Oakbrook Center on one end and this center and surrounding retailers on the other,” Inland Vice President Mark Cosenza said in a news release. “It is an excellent site, as evidenced by Best Buy’s recent decision to renew its lease at the property for a new 10-year term, and both tenants are paying sustainable rents at below-market rates.
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