{"id":1004148742,"date":"2016-07-26T08:27:06","date_gmt":"2016-07-26T16:27:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004148742"},"modified":"2020-04-23T03:55:57","modified_gmt":"2020-04-23T11:55:57","slug":"alto-fund-ii-goes-shopping-in-metro-chicago","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/alto-fund-ii-goes-shopping-in-metro-chicago\/","title":{"rendered":"ALTO Fund II Goes Shopping in Metro Chicago"},"content":{"rendered":"<p>By Ioana Neamt<\/p>\n<div id=\"attachment_1004148743\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Pic_WP_PR.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004148743\" data-attachment-id=\"1004148743\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/alto-fund-ii-goes-shopping-in-metro-chicago\/pic_wp_pr\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Pic_WP_PR.jpg\" data-orig-size=\"1024,681\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Hagar Shakked&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Pic_WP_PR\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Pic_WP_PR.jpg?w=1024\" class=\"wp-image-1004148743 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Pic_WP_PR.jpg\" alt=\"Aerial view of Washington Park Plaza, Homewood, Ill.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Pic_WP_PR.jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Pic_WP_PR.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Pic_WP_PR.jpg?resize=768,511 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004148743\" class=\"wp-caption-text\">Aerial view of Washington Park Plaza, Homewood, Ill.<\/p><\/div>\n<p><strong>Chicago<\/strong>\u2014New York-based real estate investment fund <a href=\"https:\/\/www.alto-investments.com\/funds\/\" target=\"_blank\" rel=\"nofollow\">ALTO Fund II<\/a> joined forces with <a href=\"https:\/\/www.besyata.com\/\" target=\"_blank\" rel=\"nofollow\">Besyata Investment Group<\/a> to acquire a 235,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/retail\/\" target=\"_blank\">retail center<\/a> in suburban Chicago. The joint venture paid $32 million for the asset.<\/p>\n<p>Located at 17730 S. Halsted St., in Homewood, Ill., the Washington Park Plaza shopping center is conveniently situated off the I-294, within the heavily trafficked Halsted Street corridor. Boasting a 95 percent occupancy rate at the time of sale, the center is home to retailers such as Starbucks, TJ Maxx, Ross Dress for Less, Petco and Party City.<\/p>\n<p>\u201cWe are continuing our strategy of investing in value-add properties in strong areas,\u201d Scott Onufrey, ALTO managing partner, said in a statement. \u201cWe believe that the U.S. real estate market provides interesting opportunities, especially at a time of economic uncertainty in the world.\u201d<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/alto-real-estate-funds-completes-moreno-valley-retail-acquisition-to-start-new-investment-fund\/\" target=\"_blank\">ALTO started its second fund in 2014<\/a> with a $47.2 million retail purchase in Moreno Valley, Calif.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The real estate investment fund paid $32 million for a shopping center located in Homewood, Ill.<\/p>\n","protected":false},"author":192,"featured_media":1004148743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,13,21742,21749],"tags":[],"class_list":["post-1004148742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-midwest","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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