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Highlights
Crow Holdings acquired an Oak Brook retail center, The Overlook at Oak Brook, for $44 million, potentially in an all-cash deal.
MetLife Investment Management sold the shopping center for a roughly 7 percent gain after a November 2023 purchase, avoiding rough losses other institutional sellers of Chicagoland retail property have recently taken.
The premier commercial property remains nearly 100 percent leased, but may face challenges ahead as one tenant, Amazon Fresh, is set to close, and another just emerged from bankruptcy.