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Deer Park Town Center sells for $125 million
Original: Deer Park Town Center sells for $125 million in Chicago area's biggest retail sale in a decade
Deer Park Town Center, an open-air shopping center in the Chicago suburb of Deer Park, Illinois, has been sold for $125 million in the largest retail property sale in the Chicago area in a decade. The deal stands out amid a generally slow period for commercial real estate transactions, drawing attention to renewed investor interest in suburban retail centers.
Why now: It is the biggest Chicago-area retail real estate sale in ten years, signaling renewed confidence in suburban retail.
Deer Park Town CenterDeer Park, IllinoisChicago
Evidence
- Deer Park Town Center sells for $125 million in Chicago area's biggest retail sale in a decade · Lake and McHenry County Scanner
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