Nuveen cashes out of Village Crossing Shopping Center in Skokie for $122M ($172psf) in biggest retail deal in a decade to Fairbourne

Retail

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The Real Deal

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• Subcategory: Sale

• Tag: Retail: Power Center

• Additional Filters-Subcategory: Sale: Investment, Sale: Single Property

• Additional Filters-Tags: Fairbourne Properties, Nuveen

Highlights
Chicago-based Fairbourne Properties took the Village Crossing shopping center in Skokie off Nuveen’s hands for $122 million.
The deal is believed to be the biggest retail property deal in the Chicago area in a decade.
Nuveen appears to be offloading nongrocery-anchored retail properties in favor of shopping centers with grocery offerings.