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A $50 million Chicago deal moves seller Site Centers another step toward liquidation

L3 Capital buys grocery-anchored building on North Side
L3 Capital has bought the retail property at 3030 N. Broadway in Chicago. (Brett Bulthuis/CoStar)
L3 Capital has bought the retail property at 3030 N. Broadway in Chicago. (Brett Bulthuis/CoStar)
CoStar News
March 4, 2026 | 5:26 P.M.

Site Centers has sold a grocery-anchored shopping center on Chicago’s North Side for just over $50 million, a steep discount to the price the real estate investment trust paid nearly a decade earlier.

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News | A $50 million Chicago deal moves seller Site Centers another step toward liquidation