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Key Points
Chicago-based Xroads Real Estate Advisors purchased the struggling Lincolnwood Town Center for $12.3 million after a costly foreclosure process, a significant drop from its 2014 loan of $52.8 million.
The new owner plans to work with the Village of Lincolnwood to "re-imagine" the 31-acre site, following a 2022 Village Board-adopted redevelopment blueprint that includes mixed-use scenarios such as apartments, offices and entertainment.
The 423,000-square-foot mall was 81% occupied as of fall 2025 and lost its largest anchor (Carson's) in 2018.