Foreclosures hit Randall retail corridor
ALGONQUIN – Algonquin Commons, one of the commercial jewels along the busy Randall Road retail corridor, is facing a $109.53 million foreclosure lawsuit.
Another shopping center in nearby Lake in the Hills is also in foreclosure. However, local shoppers are unlikely to see stores close as the suits go forward.
U.S. Bank National Association filed a foreclosure suit in Kane County Circuit Court on Dec. 28 against Inland Real Estate Corp.’s Algonquin Commons property, according to court records and Security and Exchange Commission filings.
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