Deer Park Town Center
Summary
Acquisition – September 2000
Location – Deer Park, IL
Value-Add Opportunity – Joint Venture Development
Size – 340,955 sq. ft.
Opportunity
- Excellent physical real estate in prime location with strong visibility
and accessibility - Acquired land at favorable price relative to market values
- Located in affluent North Chicago suburb with “lifestyle” demographics (population of 182,245 people and average household income
of approximately $115,000) - Joint venture with an operating partner with extensive development experience and successful track record
Value Added
- Introduced lifestyle/mixed use product type unique to market
- Capitalized on strong tenant interest and leasing momentum in market