Skokie's Village Crossing Shopping Center sells in landmark retail deal

Skokie's Village Crossing Shopping Center sells in landmark retail deal

In reportedly the largest Chicago-area retail deal in a decade, Skokie’s Village Crossing has sold for a record-setting $122 million, a spokesperson for Fairbourne Properties, LLC, the shopping center’s buyer, confirmed to Pioneer Press.

Draper and Kramer Arranges $99.5 Million Acquisition Financing for Retail Center in Metro Chicago

Skokie, Ill. — Draper and Kramer Inc. has arranged a $99.5 million loan on behalf of Fairbourne Properties for the acquisition of Village Crossing, a 724,400-square-foot retail center located in…

New buyers acquire Village Crossing mall for $122 million, promise improvements

One of Skokie’s biggest shopping centers has a new owner.  Harbert Management Corporation purchased Village Crossing, a 69-retailer shopping center at 5507 Touhy Ave., for $122 million in August, confirmed Brandon Duffy, a spokesperson for the Alabama-based private-owned asset management firm, via email.  The more than 722,000-square-foot mall draws approximately 6.8 million visits a year […]

Draper and Kramer Arranges $99.6M Acquisition Loan for Shopping Center in Skokie, Illinois

SKOKIE, ILL. — Draper and Kramer Inc. has arranged a $99.6 million loan on behalf of Fairbourne Properties for the acquisition of Village Crossing, a 724,400-square-foot shopping center on the border between Skokie and Niles. Built in 1988, the grocery-anchored property includes Jewel-Osco, AMC and Dick’s Sporting Goods. Bill Barry and Bill Stewart of Draper and Kramer’s Commercial Finance Group arranged the loan. In addition to funding the acqu…