Real Estate

Orland Towne Center Bought By California-Based Real Estate Agency

According to officials, the shopping center was purchased in early February from CRBE Group Inc., who did not allow gambling on the premise.

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Orland Hills officials said they may approach the new owners about allowing Sam's Triple Crown into the space.
Orland Hills officials said they may approach the new owners about allowing Sam's Triple Crown into the space. (Google Maps)

ORLAND HILLS, IL — Orland Towne Center at the corner of West 159th Street and 94th Avenue was sold earlier this month to California-based Sperry Equities, officials told Patch.

The shopping center contains Aldi, Edge Fitness, Five Below and PetSmart in addition to a medical center. The 138,000-square-foot property required Sperry Equities to take out a loan for over $14.6 million. Sperry Equities bought the property from CRBE Group Inc. and will be required to pay back the multimillion mortgage loan within 10 years.

According to village officials, the center was built in 1993 and renovated in 2011.

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With former owners out, village officials could appeal to Sperry Equities to let Sam's Triple Crown, a restaurant and betting parlor, into the center. Under CRBE Group, gambling was not allowed with the property.

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