News
Speedwagon Properties Buys Raymond & Associates Portfolio in $136M Deal
August 19, 2015
Speedwagon Properties paid $136M for a 16-property portfolio from Raymond & Associates, a Northfield-based, family-owned real estate firm. The deal is Speedwagon's largest acquisition to date. The portfolio includes two shopping centers in Kenosha, WI, totaling 570k SF, a 64k SF office in San Diego and Brookview Village, and a 425-unit apartment complex in Glenview (pictured). Speedwagon managing director Steve Khoshabe says he loves the diversity of the portfolio but hasn't determined which assets to sell, according to Crain's. Speedwagon started business by buying failed condo projects but has branched out, including paying $10.6M for a seven-story office building in River North last year. [Crain's]
