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Bianco Properties Expands Chicago Portfolio with Shopping Center Acquisition

Purchase of Schaumburg Plaza Marks Real Estate Investment Firm's Seventh Retail Property in the Chicago Area
Jo-Ann Fabrics is among the retailers at the Schaumburg Plaza shopping center, which was recently purchased by Bianco Properties. (CoStar)
Jo-Ann Fabrics is among the retailers at the Schaumburg Plaza shopping center, which was recently purchased by Bianco Properties. (CoStar)
By Sarah Templeton
CoStar Research
October 12, 2023 | 5:40 P.M.

Bianco Properties, a St. Louis-based owner and manager of real estate investments including shopping centers, warehouses and apartments, recently added Schaumburg Plaza in Illinois to its portfolio, purchasing the property from real estate investment adviser DRA Advisors.

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