Third Lake Capital has purchased Oak Brook Court, a shopping center in Oak Brook, Ill., for $19.95M in a deal brokered by Mid-America Real Estate Corp. The 103,836-square-foot property includes retailers Office Max, Binny's Beverage Depot and The Great Escape. The seller was an institutional adviser.
Liberty Property Trust has acquired 126 acres in the Miami area and plans to develop the Miami International Tradeport. The $20 million development will add 1.6 million square feet of warehouse and distribution space to the area.
McLean, Va.-based real estate investment trust Gladstone Commercial Corp. has secured a $20 million loan to continue its investment activity. The firm invests in leased real estate properties and makes long-term mortgage loans.