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Inland Real Estate Acquisitions acquires South Elgin Commons
Elgin, Ill. – Oak Brook, Ill.- based Inland Real Estate Acquisitions has announced the acquisition of South Elgin Commons, a 128,000-sq.-ft. shopping center in Elgin, Ill., for approximately $25 million.
The property was 100% leased at closing and is anchored by Ross Dress for Less, Toys “R” Us and LA Fitness.
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Best Buyout?
With recent reports indicating Best Buy Founder and former Chairman Richard Schulze is not expected to present a buyout option to the board in the immediate future, some of the buzz about the iconic electronics retailer has died down. But the handwringing and public speculation about Best Buy’s future has me thinking about what will—or perhaps, should—come next for the brand.