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Inland acquires Chicago-area multifamily property


Inland Real Estate Acquisitions has purchased an 85-unit residential property with ground floor retail in Vernon Hills, Illinois.

Constructed in 2010, The Commons at Town Center is a six-story structure consisting of 85 multifamily units and 10,609-sq.-ft of retail space. Current tenants are Sam Martirano Salon & Spa, Hawthorn Dental Associates, Eight Piece Rolls, Design Studio Jewelry, and Giuseppe’s Pizza Restaurant.

There are also 42 outdoor designated retail parking spaces on the property.

“With more than 152,000 residents within a five-mile radius and easy access to a major interstate, The Commons at Town Center is a prime example of the type of multifamily acquisitions we continue to seek out,” said Inland president Joe Cosenza.

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