Ali Ata Adds 80,000+ Sq. Ft. Shopping Center in Illinois to His Expanding Real Estate Portfolio
Industry: Real Estate
Ali Ata expanded his real estate portfolio with the acquisition of a widely known shopping center in Illinois.
Chicago, IL (PRUnderground) August 24th, 2022
Ali Ata, the founder of AAIM Development, expanded his real estate portfolio with the acquisition of a widely known shopping center in Illinois. He has primarily focused on residential property development in the past years. However, with the current housing inflation, he decided to back his portfolio with a lucrative, active income-generating commercial property.
About the Property
The property is an 80,608-square-foot shopping center in Illinois. It typically caters to the upper middle class, most of which make $125,000 annually. The center features a diverse lineup of establishments, including:
Ali Ata shares that anchor grocery retail chain is the shopping center’s main moneymaker. It’s a retail grocery store that spans more than 48,000 square feet, features a curbside pickup service called DriveUp & Go, and carries basic pharmaceutical goods.
Parents can bring their kids to the center for after-class tutoring sessions. It has dozens of establishments and coffee shops around the place; they won’t get bored waiting.
The shopping center features several options for fitness buffs. Those who want to learn self-defense can try martial arts and working adults who need a quick workout can drop by the fitness center.
You’ll find dozens of fast-food chains and dining establishments around the shopping center. It has everything from sushi and ramen noodles to American favorites like Subway and KFC.
Ali Ata’s 2022 Real Estate Strategy
Overall, 2022 is shaping up to be a solid year for Ali Ata. Currently, we have no update on AAIM Development’s other investments. However, his recent acquisition will surely pave the way for other commercial real estate properties like sports facilities, shopping centers, storage facilities, and factories.
Ali Ata will continue investing in residential real estate. He will use multiple multi-family homes and apartment complexes as leverage against potential market fluctuations. No one can predict market prices. However, a diverse, well-planned portfolio will prove profitable in a bull market and resilient in a bear one.
Disclaimer: The news site hosting this press release is not associated with Ali Ata or AAIM Development. It is merely publishing a paid press release announcement submitted by a company, without any stated or implied endorsement of the person, product, service, or information above.