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Shopping Center in Chicago Suburbs Sells Despite Slowdown in Deals

North American Real Estate Pays More Than $18 Million for Fully Leased Northbrook Property
The Shops at Glen Pointe, a shopping center in Northbrook, Illinois, has sold for more than $18 million. (Justin Schmidt/CoStar)
The Shops at Glen Pointe, a shopping center in Northbrook, Illinois, has sold for more than $18 million. (Justin Schmidt/CoStar)
CoStar News
October 27, 2022 | 1:37 P.M.

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A Chicago investor has paid more than $18 million for a north suburban shopping center amid a record pace for retail property sales locally and nationally this year, even as rising interest rates and economic worries make transactions more difficult.

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News | Shopping Center in Chicago Suburbs Sells Despite Slowdown in Deals