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CHICAGO, IL - On behalf of its client, Lincoln National Life Insurance Company, PM Realty Group Investment Services today announced that it has successfully negotiated the sale of the Hinsdale Lake Commons shopping center to Regency Realty Corporation, a Jacksonville, Florida based retail real estate investment trust (REIT).
Sandra Collins, senior vice president of PM Realty Group Investment Services, was the sole broker in the transaction.
Anchored by Dominicks, Hinsdale Lake Commons is a 174,425-square-foot community shopping center located at 63rd and Route 83 in Willowbrook, Ill., a suburb of Chicago. Prior to the sale of the center, PM Realty Group's Property Services division implemented an aggressive repositioning of the asset by diversifying its tenant base and securing long-term leases for Ace Hardware, Original Sandwich Factory and Caribou Coffee. New parking was also added to maximize the long-term value of the center.
"Hinsdale Lake Commons is a prime example of the type of value-added repositioning/sales assignments we are handling on behalf of our institutional clients," said Collins. "We bring an unparalleled level of investment sales experience to the table, along with a solid track record in management, leasing and marketing. That experience, combined with our intimate knowledge of the asset, the local market and a clear understanding of the client's objectives, allows us to achieve the best possible results," she said.
About PM Realty Group Investment Services
PM Realty Group Investment Services specializes in the acquisition and disposition of office, industrial, multifamily and special-use portfolios, as well as underwriting and due diligence services for institutional clients. | 
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