Crain’s Chicago Business America’s Realty has paid $18.8 million, or $78.72/sf, for the 238,835-square-foot Otter Creek Shopping Center in Elgin, Ill. The Pikesville, Md., company purchased the property from an affiliate of Kostas Cios and Michael Aktipis, which had bought it in 2007 for $22.8 million. The property was built in 1993 at 300 South […]

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