Maryland-based America's Realty Acquires Otter Creek Shopping Center In Elgin For $18.8M

Maryland-based America's Realty has acquired the 238,835-square-foot Otter Creek Shopping Center on South Randall Road in Elgin. The sale price for the retail property was $18.8 million, resulting in a price per square foot of $79.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $18,800,000
• Square Footage: 238,835
• Address: 300 South Randall Road, Elgin
• Market: Elgin

The buyer for this transaction was Carl Verstandig representing America's Realty. The property, known as Otter Creek Shopping Center, was acquired by America's Realty for a total of $18.8 million. This acquisition marks an expansion of America's Realty's portfolio in the Elgin market.