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Golf Mill Town Center 7 Retail Properties in Niles, IL
Investment Highlights
- Surrounded by a dense and affluent community in suburban Chicago with over 351,000 people living within a 20-minute drive.
- The completed retail project will entail an open-air retail component with nine outparcels
- Anchored by top-performing national tenants including Target, Burlington, Ross Dress for Less, LA Fitness, Gordon Food Service, and ULTA
Executive Summary
Jones Lang LaSalle Americas, L.P. (“JLL”) has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Golf Mill Town Center – a 1.1 million square foot regional mall situated on 79.33-acres in a high barrier to entry location within the City of Niles, Chicago MSA.
The Property has been approved for a transformative redevelopment into a vibrant, mixed use project with open-air retail, multifamily, hospitality, and medical office. The redeveloped project contemplates the transformation of the long-standing enclosed mall into a highly functional mixed-use project that will include several of the existing category leading national anchors such as Target, Ross Dress for Less, Burlington, LA Fitness, ULTA, and others. In addition, the project has been approved to receive Tax Incremental Financing (TIF) for up to $96.0M. Golf Mill Town Center is a unique opportunity to acquire a value- add mixed-use redevelopment project anchored by market dominant tenancy.
The Property has been approved for a transformative redevelopment into a vibrant, mixed use project with open-air retail, multifamily, hospitality, and medical office. The redeveloped project contemplates the transformation of the long-standing enclosed mall into a highly functional mixed-use project that will include several of the existing category leading national anchors such as Target, Ross Dress for Less, Burlington, LA Fitness, ULTA, and others. In addition, the project has been approved to receive Tax Incremental Financing (TIF) for up to $96.0M. Golf Mill Town Center is a unique opportunity to acquire a value- add mixed-use redevelopment project anchored by market dominant tenancy.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 1,048,773 SF |
| Number of Properties | 7 | Total Land Area | 83.81 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 1,048,773 SF |
| Total Land Area | 83.81 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Golf Mill Tower Center
239 Golf Rd, Niles, IL 60714 |
Retail | 485,136 SF | 1960 | - |
| 400 Golf Mill Ctr, Niles, IL 60714 | Retail | 213,502 SF | 1960 | - |
|
JCPenney
220 Golf Mill Ctr, Niles, IL 60714 |
Retail | 190,177 SF | 1966 | - |
|
Burlington
590 Golf Mill Center, Niles, IL 60714 |
Retail | 88,622 SF | 1989 | - |
| 9210 N Milwaukee Ave, Niles, IL 60714 | Retail | 36,850 SF | 1990 | - |
|
Gordon Food Service Store
50 N Golf Mill Ctr, Niles, IL 60714 |
Retail | 18,181 SF | 2010 | - |
| 9411 N Greenwood Ave, Niles, IL 60714 | Retail | 16,305 SF | 1965 | - |
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Golf Mill Town Center
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