Touhy Marketplace
In July 2011, CSRE acquired a note and obtained a deed in lieu of foreclosure on a 15 acre industrial parcel with dilapidated buildings in Skokie, Illinois. CSRE worked closely with the Village of Skokie to rezone the property for a 190,000 sf shopping center composed of a Walmart Supercenter, 17,000 sf small shop building, PNC Bank, M Burger (Lettuce Entertain You) restaurant, Just Tires, and Jollibee.
Walmart’s grand opening was in August 2014.
Major Tenants
Highlights
- Four-month entitlement process: rezoning (PUD), design review, planning commission, Village Board approvals
- Negotiated agreement with Walmart within 6 months of close
- Environmental remediation