Wintrust Business Minute: Northpoint Center in Arlington Heights acquired by Texas investor

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Arlington Height’s Northpoint Center has been acquired by a Texas investor. According to Crain’s, Encore Enterprises acquired a majority stake in the shopping center for $34 million. It’s located at the intersection of Rand Road and Arlington Heights Road. AmCap affiliates previously had a majority stake and will maintain a minority share. Encore has also assumed AmCap’s mortgage. Encore has 26 properties in the U.S. and specializes in buying, developing and managing retail centers. 

Also, The Chicago-based American Medical Association has a new CEO and executive vice president. Listen for more below: