Evanston Now
The Evanston Plaza shopping center in a 2019 image from Google Maps.
The Evanston Plaza shopping center has been sold for a reported $39 million to A2Z Real Estate Inc. based in Johnstown, Pennsylvania.
The selling price is nearly 2.5 times the $16 million the seller, Azzurri of Evanston, owned by the family that runs the Valli Produce supermarket in the center, paid for the center at Dempster Street and Dodge Avenue in 2014.
That price, in turn, was nearly double the $8.1 million Bonnie Management had paid to acquire the property in late 2011, only to see the former supermarket tenant, Dominick’s, close in 2013, leaving the plaza largely vacant.