CHICAGO – September 23, 2016 – After a number of successful investments and turnarounds in distressed retail centers, Abington Emerson acquired a 17,630 square foot retail plaza located in Crest Hill, Illinois. The property, that was bought from a regional bank post foreclosure, has been mismanaged by a receiver and running high vacancy rate. Attained at an attractive cap rate, this retail plaza is a great value add opportunity and addition to the Abington Emerson retail portfolio.
“Abington Emerson is very pleased with the acquisition of another asset in Illinois and looks forward to a quick improvement of this retail center,” commented John Racich of Abington Emerson.