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Retail Sale West of Chicago Locks in Profits for Tax-Focused Investors

Inland Private Capital, Focused on 1031 Exchange Deals, Sells Property in Downers Grove, Illinois, to Florida-Based REIT
Alpine Income Property Trust has purchased retail space at 1432-1434 Butterfield Road in Downers Grove, Illinois, that is leased to Best Buy and Golf Galaxy. (Patrick Kelly/CoStar)
Alpine Income Property Trust has purchased retail space at 1432-1434 Butterfield Road in Downers Grove, Illinois, that is leased to Best Buy and Golf Galaxy. (Patrick Kelly/CoStar)
CoStar News
July 2, 2024 | 9:31 P.M.

A Florida-based real estate investment trust has paid more than $14 million for a fully leased retail property in Chicago’s western suburbs, locking in gains for tax-focused investors who had owned it for more than a decade.

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