Crain’s Chicago Business Core Acquisitions has paid $34.3 million, or $136.34/sf, for Rice Lake Square, a 251,584-square-foot retail center in Wheaton, Ill. The local investment firm purchased the property from an affiliate of Grosvenor, which had acquired it in 2004 for $43.9 million. Old National Bank provided a $25 million loan to facilitate the latest […]

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