Lincoln Village

 

Purchased in late 1999, redeveloped, and sold in October 2006 – Investor IRR =46%

140,000 SF redevelopment of Chicago’s first shopping center (1950).

Portions of the Center were demolished and reconfigured to include Borders, Fifth Third Bank, Panera, Starbucks, amongst many others.

A portion of the property under long term lease to Metropolitan Water Reclamation district was re-zoned to accommodate a senior housing project.

Negotiated and secured a $5.5M TIF note which was sold with the property.