deer park town center

joint venture development

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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