PK Partners sells Nora Plaza to investment group

August 24, 2007

Michigan-based Ramco-Gershenson Properties Trust and a Chicago-based partner, Heilman LLC, have purchased Nora Plaza on the northeast side for an undisclosed price.

The 304,000-square-foot center is 93-percent occupied and anchored by a Target store, plus Wild Oats Natural Marketplace and Marshalls.

The seller was locally based PK Partners LLC, which owns several other retail centers on the north side.

Ramco-Gershenson also owns Merchants Square in Carmel.

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